Trade Report: Today: Southwestern Energy Co. (SWN) Upgrade at Robert W. Baird

Today: Southwestern Energy Co. (SWN) Upgrade at Robert W. Baird

Southwestern Energy Co. (NYSE:SWN) was upgraded by Robert W. Baird from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday. The firm presently has a $18.00 price target on the energy company’s stock. Robert W. Baird’s price target suggests a potential upside of 56.93% from the company’s current price.

Other analysts have also recently issued reports about the stock. BMO Capital Markets raised shares of Southwestern Energy from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Monday. They noted that the move was a valuation call. Mizuho reaffirmed a “buy” rating and set a $20.00 target price on shares of Southwestern Energy in a research note on Wednesday, October 26th. KLR Group reaffirmed an “accumulate” rating and set a $14.00 target price (down from $15.00) on shares of Southwestern Energy in a research note on Wednesday, October 26th. Citigroup Inc. raised their target price on shares of Southwestern Energy from $8.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. Finally, Jefferies Group reaffirmed a “sell” rating on shares of Southwestern Energy in a research note on Monday, August 1st. Five analysts have rated the stock with a sell rating, twenty have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.03.

Southwestern Energy (NYSE:SWN) traded up 2.70% during mid-day trading on Monday, reaching $11.78. 12,878,953 shares of the company’s stock traded hands. Southwestern Energy has a 12-month low of $5.00 and a 12-month high of $15.59. The stock’s market capitalization is $5.76 billion. The stock has a 50-day moving average price of $11.22 and a 200-day moving average price of $13.00.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, October 20th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. The firm earned $651 million during the quarter. Southwestern Energy had a negative return on equity of 2.58% and a negative net margin of 187.25%. Southwestern Energy’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. Equities research analysts expect that Southwestern Energy will post ($0.01) EPS for the current year.

In other Southwestern Energy news, Director Gregory D. Kerley sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total transaction of $172,080.00. Following the sale, the director now owns 312,064 shares of the company’s stock, valued at approximately $4,474,997.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.16% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. Kernodle & Katon Asset Management Group LLC increased its stake in Southwestern Energy by 164.8% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 7,282 shares of the energy company’s stock valued at $101,000 after buying an additional 4,532 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Southwestern Energy during the third quarter valued at approximately $112,000. Quantbot Technologies LP acquired a new stake in shares of Southwestern Energy during the second quarter valued at approximately $106,000. Virtus Investment Advisers Inc. acquired a new stake in shares of Southwestern Energy during the third quarter valued at approximately $130,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Southwestern Energy by 90.6% in the third quarter. Victory Capital Management Inc. now owns 9,420 shares of the energy company’s stock valued at $130,000 after buying an additional 4,477 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors.

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