On Wednesday, the financial experts at Citigroup boosted their target price for Southwestern Energy (NYSE: SWN-Get Rating), increasing it from $8.00 to $10.00. The news was reported by The Fly. If the company is able to reach the price target that was established by Citigroup, then the value of the stock will have increased by 38.50% in comparison to where it is currently priced. After performing research on the company, some more research analysts have also supplied their comments regarding the stock in question. In a research note that was released on Wednesday, June 15th, Benchmark upgraded its rating on Southwestern Energy from a “hold” rating to a “buy” rating and set a target price of $14.00 for the company. Royal Bank of Canada raised their price objective for Southwestern Energy shares from $9.00 to $10.00 and upgraded the company to a “sector perform” rating in a research note that was released on the 15th of August. The research note was published in conjunction with the raising of the price objective for the company. Southwestern Energy received a rating upgrade from “sector perform” to “sector outperform” from Scotiabank on Monday, July 25. This change in rating indicates that the financial institution believes the firm will do better than its industry average. In addition, the financial institution determined that a price target of $9.50 would be appropriate for the shares. The price goal that Mizuho has placed on Southwestern Energy shares has been reduced from $13.00 to $11.00, and the firm is currently rated as a “buy.” This information was made public on July 19 in a study note that was published on that same day.
The Goldman Sachs Group decreased their target price on shares of Southwestern Energy from $9.50 to $7.50 in a research note that was issued on Tuesday, July 5th. The report was published on the internet. On the other hand, they did not alter their rating for the company from “neutral” to any other category. Eleven other financial analysts suggested that the stock be purchased, while eight others suggested that the stock be maintained in one’s portfolio. According to MarketBeat, the current recommendation for the company is a “Moderate Buy,” and the average price goal for the company is $9.67. MarketBeat also states that the price target for the company is $9.67. In the past year, the share price of Southwestern Energy has ranged from an all-time low of $3.81 to an all-time high of $9.87; the starting price of the NYSE SWN on Wednesday was $7.22. At the level of the 50 days, the share price is currently trading at $7.14, and at the level of the 200 days, the share price is currently trading at $7.18. The price-to-earnings ratio for the stock is at -5.16, its beta value is currently at 1.20, and its market value is currently $8.05 billion. There is no difference between the current ratio, the quick ratio, and the debt-to-equity ratio when all three are set to a value of 0.38. On Tuesday, June 21, the firm known as Southwestern Energy released a statement announcing that its board of directors had granted approval for a share repurchase program with a price tag of one billion dollars. The energy firm has the ability to repurchase up to 13.1% of its shares from other investors on the open market, as stipulated under the terms of the repurchase authorization that was granted to the company.
It is common practice for management to signal that they believe the value of the shares to be lower than they actually are by announcing plans to buy back the shares. In a report that was made available to the public on Thursday, August 4, Southwestern Energy (NYSE:SWN-Get Rating) provided details regarding its performance. The oil industry reported earnings for the quarter of $0.33 per share, which was $0.02 below the average estimate of $0.35 per share for the industry. The company’s sales for the quarter came in at $4.14 billion, which was significantly higher than the industry analysts’ projections of $1.87 billion for the company’s sales for the quarter. The return on equity for Southwestern Energy was 165.90 percent, and the company’s net margin was 8.58 percent. During this time period, Southwestern Energy had a gain of 294.1% in its annual income. In the same time period as the previous year, the company produced a profit of $0.19 per share of common stock. According to forecasts provided by research analysts, Southwestern Energy will rake in a profit of $1.46 for each share of stock that it sells during the course of this year.
Recently, there has been a change in the overall number of shares that are held by hedge funds. This change has taken place in the entire number of shares.
During the first three months of the year, Counterpoint Mutual Funds LLC made an investment in Southwestern Energy with a total value of $25,000. Southwestern Energy received an investment of about $35,000 from Chilton Capital Management LLC throughout the course of the final three months of 2018. During the first three months of 2018, Lindbrook Capital LLC was successful in increasing its holding in Southwestern Energy by 28.1%. This was accomplished through the purchase of more shares. Lindbrook Capital LLC now has 5,723 shares of the energy company’s stock, which are valued at $41,000 after the acquisition of an additional 1,254 shares during the most recent quarter. These shares were acquired for a total cost of $12,500. During the first three months of the year, Exchange Traded Concepts LLC incurred expenses of about $56,000 due to the purchase of a new investment in Southwestern Energy. Not to mention the fact that during the fourth quarter, Journey Strategic Wealth LLC paid approximately $63,000 to purchase a new position in Southwestern Energy. A combined total of 82.32% of the company’s shares are held by institutional investors such as hedge funds and other financial organizations.
The independent energy company Southwestern Energy Business, which is located in the United States, has its primary focus on the exploration, development, and production of natural gas, oil, and natural gas liquids.
These are the primary areas of concentration for the company (NGLs). Production, marketing, and research and development are the three functional divisions that can be divided up within the organization. The corporation’s main goals are to find, develop, and make use of unconventional oil and natural gas assets in the states of Pennsylvania, West Virginia, Ohio, and Louisiana.
Source: beststocks.com
