Today: Today: Southwestern Energy Co. (SWN) Upgrade to “Outperform” at Robert W. Baird

Today: Southwestern Energy Co. (SWN) Upgrade to “Outperform” at Robert W. Baird

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

Several other analysts have also weighed in on 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 report on Monday. They noted that the move was a valuation call. KLR Group raised shares of Southwestern Energy from an “accumulate” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Thursday, November 10th. Mizuho reaffirmed a “buy” rating and set a $20.00 price objective on shares of Southwestern Energy in a report on Wednesday, October 26th. National Securities reaffirmed a “buy” rating on shares of Southwestern Energy in a report on Monday, October 24th. Finally, Jefferies Group set a $10.00 price objective on shares of Southwestern Energy and gave the stock a “sell” rating in a report on Tuesday, October 18th. Five investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Southwestern Energy presently has an average rating of “Hold” and an average target price of $13.03.

Shares of Southwestern Energy (NYSE:SWN) traded up 2.223% during midday trading on Monday, hitting $11.725. The stock had a trading volume of 13,089,783 shares. Southwestern Energy has a 52 week low of $5.00 and a 52 week high of $15.59. The stock has a 50-day moving average of $11.22 and a 200 day moving average of $13.00. The stock’s market cap is $5.73 billion.

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

In related news, Director Gregory D. Kerley sold 12,000 shares of the company’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total value of $172,080.00. Following the transaction, the director now owns 312,064 shares in the company, valued at approximately $4,474,997.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.16% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. bought a new position in shares of Southwestern Energy during the third quarter worth approximately $207,000. Price T Rowe Associates Inc. MD raised its position in shares of Southwestern Energy by 96.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 20,663,388 shares of the energy company’s stock worth $285,981,000 after buying an additional 10,140,658 shares during the period. LPL Financial LLC bought a new position in shares of Southwestern Energy during the third quarter worth approximately $349,000. Penn Capital Management Co. Inc. raised its position in shares of Southwestern Energy by 198.1% in the third quarter. Penn Capital Management Co. Inc. now owns 89,098 shares of the energy company’s stock worth $1,236,000 after buying an additional 59,210 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Southwestern Energy by 1.3% in the third quarter. Candriam Luxembourg S.C.A. now owns 152,030 shares of the energy company’s stock worth $2,104,000 after buying an additional 1,982 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

Southwestern Energy Company Profile

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