Southwestern Energy (NYSE:SWN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Southwestern Energy (NYSE:SWN) in a research note issued to investors on Thursday morning. The firm issued a sell rating on the energy company’s stock.

Several other research analysts have also weighed in on SWN. Susquehanna lowered their price objective on Southwestern Energy from $7.00 to $6.50 and set a neutral rating for the company in a research report on Monday, August 19th. Piper Sandler lowered their price objective on Southwestern Energy from $7.00 to $6.00 and set a neutral rating for the company in a research report on Thursday, August 15th. UBS Group lowered their price objective on Southwestern Energy from $7.50 to $7.00 and set a neutral rating for the company in a research report on Wednesday, September 18th. Scotiabank lowered their price objective on Southwestern Energy from $9.50 to $9.00 and set a sector perform rating for the company in a research report on Tuesday, August 20th. Finally, Wolfe Research started coverage on Southwestern Energy in a research report on Thursday, July 18th. They issued a peer perform rating for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $7.98.

Southwestern Energy Stock Performance

Shares of Southwestern Energy stock opened at $7.11 on Thursday. The stock has a market cap of $7.84 billion, a P/E ratio of -4.09 and a beta of 1.12. The stock’s 50 day simple moving average is $6.47 and its 200-day simple moving average is $6.90. Southwestern Energy has a 1-year low of $5.85 and a 1-year high of $7.80. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Analysts predict that Southwestern Energy will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Southwestern Energy

Large investors have recently bought and sold shares of the business. Rise Advisors LLC purchased a new position in Southwestern Energy in the first quarter valued at $25,000. UMB Bank n.a. increased its holdings in Southwestern Energy by 340.6% in the third quarter. UMB Bank n.a. now owns 3,450 shares of the energy company’s stock valued at $25,000 after buying an additional 2,667 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Southwestern Energy during the third quarter worth about $38,000. Fidelis Capital Partners LLC purchased a new position in shares of Southwestern Energy during the first quarter worth about $43,000. Finally, Larson Financial Group LLC grew its holdings in shares of Southwestern Energy by 4,752.1% during the second quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock worth $40,000 after purchasing an additional 5,750 shares during the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Southwestern Energy Company Profile

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.