StockNews.com Begins Coverage on Southwestern Energy (NYSE:SWN)

StockNews.com assumed coverage on shares of Southwestern Energy (NYSE:SWN) in a research report report published on Wednesday. The firm issued a sell rating on the energy company’s stock.

SWN has been the subject of a number of other research reports. Wolfe Research started coverage on Southwestern Energy in a research note on Thursday, July 18th. They set a peer perform rating for the company. Susquehanna cut their price target on Southwestern Energy from $7.00 to $6.50 and set a neutral rating for the company in a research note on Monday, August 19th. Piper Sandler cut their price target on Southwestern Energy from $7.00 to $6.00 and set a neutral rating for the company in a research note on Thursday, August 15th. Finally, Scotiabank cut their price target on Southwestern Energy from $9.50 to $9.00 and set a sector perform rating for the company in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $8.50.

Southwestern Energy Stock Performance

Shares of SWN opened at $6.26 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a 50-day moving average of $6.37 and a 200-day moving average of $6.93. The company has a market cap of $6.90 billion, a PE ratio of -3.60 and a beta of 1.12. Southwestern Energy has a one year low of $5.85 and a one year high of $7.80.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. On average, equities research analysts predict that Southwestern Energy will post 0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Southwestern Energy

Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Southwestern Energy by 73.8% in the 4th quarter. Victory Capital Management Inc. now owns 334,023 shares of the energy company’s stock worth $2,188,000 after purchasing an additional 141,858 shares during the period. Natixis Advisors L.P. raised its holdings in shares of Southwestern Energy by 3.8% in the 4th quarter. Natixis Advisors L.P. now owns 269,254 shares of the energy company’s stock worth $1,763,000 after purchasing an additional 9,807 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Southwestern Energy by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,444,522 shares of the energy company’s stock worth $68,412,000 after purchasing an additional 203,452 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Southwestern Energy by 23.7% in the 4th quarter. BNP Paribas Financial Markets now owns 971,618 shares of the energy company’s stock worth $6,364,000 after purchasing an additional 186,421 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of Southwestern Energy by 12.5% in the 4th quarter. QRG Capital Management Inc. now owns 30,385 shares of the energy company’s stock worth $199,000 after purchasing an additional 3,373 shares during the period. Institutional investors own 86.97% of the company’s stock.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.