Southwestern Energy Co. (SWN) Rating Increased to Outperform at BMO Capital Markets
Southwestern Energy Co. (NYSE:SWN) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Monday. The brokerage presently has a $18.00 price target on the energy company’s stock. BMO Capital Markets’ price target indicates a potential upside of 55.31% from the company’s previous close. The analysts noted that the move was a valuation call.
A number of other equities analysts have also recently commented on SWN. Citigroup Inc. boosted their price target on shares of Southwestern Energy from $8.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Jefferies Group reissued a “sell” rating on shares of Southwestern Energy in a research note on Monday, August 1st. National Securities reissued a “buy” rating on shares of Southwestern Energy in a research note on Monday, October 24th. KLR Group raised shares of Southwestern Energy from an “accumulate” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Thursday, November 10th. Finally, Zacks Investment Research cut shares of Southwestern Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Five equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.03.
Southwestern Energy (NYSE:SWN) opened at 11.59 on Monday. The stock’s 50 day moving average is $11.16 and its 200 day moving average is $13.01. The company’s market cap is $5.66 billion. Southwestern Energy has a 1-year low of $5.00 and a 1-year high of $15.59.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, October 20th. The energy company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by $0.04. The firm had revenue of $651 million for the quarter. Southwestern Energy had a negative net margin of 187.25% and a negative return on equity of 2.58%. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share. Equities analysts anticipate that Southwestern Energy will post ($0.01) earnings per share for the current fiscal year.
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In other news, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Capital Research Global Investors boosted its stake in Southwestern Energy by 25.7% in the second quarter. Capital Research Global Investors now owns 55,881,426 shares of the energy company’s stock worth $702,988,000 after buying an additional 11,428,991 shares during the last quarter. Vanguard Group Inc. boosted its stake in Southwestern Energy by 23.2% in the second quarter. Vanguard Group Inc. now owns 43,459,895 shares of the energy company’s stock worth $546,724,000 after buying an additional 8,190,765 shares during the last quarter. State Street Corp boosted its stake in Southwestern Energy by 3.8% in the second quarter. State Street Corp now owns 23,670,239 shares of the energy company’s stock worth $297,763,000 after buying an additional 870,008 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 last quarter. Finally, Capital World Investors boosted its stake in Southwestern Energy by 0.8% in the third quarter. Capital World Investors now owns 13,628,705 shares of the energy company’s stock worth $188,621,000 after buying an additional 106,436 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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