Southwestern Energy Co. (NYSE:SWN) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Monday. The brokerage presently has a $18.00 price target on the energy company’s stock. BMO Capital Markets’ price target suggests a potential upside of 56.93% from the company’s current price. The analysts noted that the move was a valuation call.
Other research analysts have also recently issued research reports about the stock. KLR Group upgraded shares of Southwestern Energy from a “hold” rating to an “accumulate” rating and set a $15.00 target price for the company in a research report on Tuesday, October 18th. Mizuho restated a “buy” rating and issued a $20.00 target price on shares of Southwestern Energy in a research report on Wednesday, October 26th. National Securities restated a “buy” rating on shares of Southwestern Energy in a research report on Monday, October 24th. GMP Securities started coverage on shares of Southwestern Energy in a research report on Wednesday, September 28th. They issued a “hold” rating and a $11.00 target price for the company. Finally, Zacks Investment Research cut shares of Southwestern Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Five investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Southwestern Energy currently has a consensus rating of “Hold” and a consensus target price of $12.66.
Southwestern Energy (NYSE:SWN) traded up 3.182% during trading on Monday, reaching $11.835. The company had a trading volume of 8,848,256 shares. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $15.59. The company’s market capitalization is $5.78 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 posted its earnings results on Thursday, October 20th. The energy company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by $0.04. Southwestern Energy had a negative return on equity of 2.58% and a negative net margin of 187.25%. The firm earned $651 million during the quarter. During the same period last year, the business posted $0.01 EPS. The company’s revenue was down 13.1% compared to the same quarter last year. On average, equities research analysts anticipate that Southwestern Energy will post ($0.01) earnings per share for the current fiscal year.
In other Southwestern Energy news, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total value of $172,080.00. Following the completion of the sale, the director now directly owns 312,064 shares of the company’s stock, valued at approximately $4,474,997.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.16% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of SWN. Kernodle & Katon Asset Management Group LLC increased its stake in shares of 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 worth $101,000 after buying an additional 4,532 shares during the period. Quantbot Technologies LP bought a new stake in shares of Southwestern Energy during the second quarter worth $106,000. Lazard Asset Management LLC bought a new stake in shares of Southwestern Energy during the third quarter worth $112,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Southwestern Energy by 131.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,500 shares of the energy company’s stock worth $120,000 after buying an additional 5,400 shares during the period. Finally, Bourgeon Capital Management LLC bought a new stake in shares of Southwestern Energy during the second quarter worth $126,000. 97.65% of the stock is owned by hedge funds and other institutional investors.
Southwestern Energy Company Profile