Southwestern Energy (NYSE:SWN) Given New $2.00 Price Target at UBS Group

Southwestern Energy (NYSE:SWN) had its price objective lifted by analysts at UBS Group from $1.90 to $2.00 in a research report issued to clients and investors on Monday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the energy company’s stock. UBS Group’s price target would suggest a potential downside of 20.95% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Wells Fargo & Co reaffirmed an “underweight” rating and set a $3.50 target price on shares of Southwestern Energy in a report on Thursday, June 25th. MKM Partners increased their price target on shares of Southwestern Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Stifel Nicolaus increased their price target on shares of Southwestern Energy from $1.50 to $1.60 and gave the stock a “hold” rating in a report on Monday, April 20th. Royal Bank of Canada increased their price target on shares of Southwestern Energy from $3.00 to $3.50 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Finally, SunTrust Banks increased their price target on shares of Southwestern Energy from $1.00 to $3.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Six investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Southwestern Energy presently has a consensus rating of “Hold” and an average target price of $2.93.

Shares of SWN stock opened at $2.53 on Monday. The stock has a market capitalization of $1.30 billion, a P/E ratio of -1.10 and a beta of 1.56. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.41. The firm’s 50 day moving average is $2.98 and its 200 day moving average is $2.28. Southwestern Energy has a 12 month low of $1.06 and a 12 month high of $3.90.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, April 30th. The energy company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $592.00 million for the quarter, compared to analysts’ expectations of $659.76 million. Southwestern Energy had a negative net margin of 47.35% and a positive return on equity of 8.56%. Southwestern Energy’s revenue was down 40.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. On average, equities analysts predict that Southwestern Energy will post 0.25 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in SWN. Victory Capital Management Inc. boosted its position in Southwestern Energy by 85.3% during the 4th quarter. Victory Capital Management Inc. now owns 255,274 shares of the energy company’s stock valued at $401,000 after buying an additional 117,491 shares during the period. Swiss National Bank boosted its position in Southwestern Energy by 1.9% during the 4th quarter. Swiss National Bank now owns 1,036,300 shares of the energy company’s stock valued at $2,508,000 after buying an additional 18,900 shares during the period. PNC Financial Services Group Inc. boosted its position in Southwestern Energy by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 92,884 shares of the energy company’s stock valued at $225,000 after buying an additional 8,802 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Southwestern Energy by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,340,775 shares of the energy company’s stock valued at $8,085,000 after buying an additional 69,627 shares during the period. Finally, Comerica Bank boosted its position in Southwestern Energy by 64.2% during the 4th quarter. Comerica Bank now owns 509,002 shares of the energy company’s stock valued at $794,000 after buying an additional 199,086 shares during the period.

Southwestern Energy Company Profile

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

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