Southwestern Energy (NYSE:SWN – Get Rating) traded up 0.5% on Thursday . The company traded as high as $7.82 and last traded at $7.80. 573,951 shares changed hands during trading, a decline of 98% from the average session volume of 31,219,670 shares. The stock had previously closed at $7.76.
A number of equities analysts have weighed in on the company. Wells Fargo & Company downgraded Southwestern Energy from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $8.00 to $10.00 in a research report on Monday, March 14th. Truist Financial boosted their price target on Southwestern Energy from $5.00 to $9.00 in a research note on Thursday, April 21st. Susquehanna boosted their price target on Southwestern Energy from $7.00 to $9.00 and gave the company a “positive” rating in a research note on Monday, April 25th. Piper Sandler boosted their price target on Southwestern Energy to $13.00 in a research note on Friday, June 3rd. Finally, StockNews.com assumed coverage on Southwestern Energy in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.00.
The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a fifty day simple moving average of $7.96 and a two-hundred day simple moving average of $6.07. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of -2.25 and a beta of 1.07.
Southwestern Energy (NYSE:SWN – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The energy company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $1.75 billion. Southwestern Energy had a positive return on equity of 203.77% and a negative net margin of 32.56%. The business’s revenue was up 174.5% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Research analysts forecast that Southwestern Energy will post 1.54 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its position in shares of Southwestern Energy by 28.1% during the 1st quarter. Lindbrook Capital LLC now owns 5,723 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,254 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Southwestern Energy by 1.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,636 shares of the energy company’s stock valued at $636,000 after acquiring an additional 1,483 shares in the last quarter. D.A. Davidson & CO. lifted its position in Southwestern Energy by 7.2% in the 1st quarter. D.A. Davidson & CO. now owns 24,715 shares of the energy company’s stock valued at $177,000 after acquiring an additional 1,668 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in Southwestern Energy in the 1st quarter valued at about $356,000. Finally, Brookfield Asset Management Inc. lifted its position in Southwestern Energy by 1.9% in the 3rd quarter. Brookfield Asset Management Inc. now owns 180,990 shares of the energy company’s stock valued at $1,003,000 after acquiring an additional 3,371 shares in the last quarter. 85.77% of the stock is currently owned by institutional investors.
Southwestern Energy Company Profile (NYSE:SWN)
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.
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