Southwestern Energy (NYSE: SWN) had its price target raised by Citigroup analysts from $6.50 to $7.00. The brokerage currently has a “neutral” rating on the energy company’s stock. Citigroup’s price target indicates a potential upside of 7.03% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Truist Financial raised their target price on shares of Southwestern Energy from $7.00 to $8.00. Morgan Stanley reiterated an “equal weight” rating and issued a $5.00 target price on shares of Southwestern Energy. Wells Fargo & Company downgraded shares of Southwestern Energy from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $6.00 to $5.00. UBS Group began coverage on shares of Southwestern Energy with a “neutral” rating and a $5.00 price target. Finally, Piper Sandler dropped their price objective on shares of Southwestern Energy from $9.00 to $8.00 and set an “overweight” rating on the stock.
Southwestern Energy (NYSE: SWN) last released its quarterly earnings results on Friday, August 4th. The energy company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. Southwestern Energy had a net margin of 48.82% and a return on equity of 23.55%.
Institutional investors hold a significant stake in Southwestern Energy, with Raymond James & Associates, Raymond James Financial Services Advisors Inc., American Century Companies Inc., HighTower Advisors LLC, and Cetera Advisor Networks LLC among the top holders.
Southwestern Energy is an independent energy company that engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.
Source: energyportal.eu
