Southwestern Energy (NYSE:SWN – Get Rating)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup in a research note issued to investors on Thursday, MarketBeat reports. They currently have a $8.00 price target on the energy company’s stock. Citigroup’s price objective indicates a potential upside of 22.14% from the company’s current price.
Several other equities research analysts have also recently commented on SWN. Susquehanna boosted their price target on shares of Southwestern Energy from $7.00 to $9.00 and gave the stock a “positive” rating in a research report on Monday, April 25th. Piper Sandler boosted their price target on shares of Southwestern Energy to $13.00 in a research report on Friday, June 3rd. The Goldman Sachs Group dropped their price target on Southwestern Energy from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, July 5th. Susquehanna Bancshares lifted their price target on Southwestern Energy from $7.00 to $9.00 and gave the stock a “positive” rating in a research note on Monday, April 25th. Finally, Raymond James lifted their price target on Southwestern Energy from $9.00 to $10.50 and gave the stock an “outperform” rating in a research note on Monday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.34.
Southwestern Energy Price Performance
Shares of NYSE SWN opened at $6.55 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 2.04. The firm’s 50-day simple moving average is $7.37 and its 200 day simple moving average is $6.39. Southwestern Energy has a fifty-two week low of $3.81 and a fifty-two week high of $9.87. The stock has a market cap of $7.31 billion, a P/E ratio of -1.96 and a beta of 1.22.
Southwestern Energy (NYSE:SWN – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The energy company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. Southwestern Energy had a negative net margin of 32.56% and a positive return on equity of 203.77%. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the business earned $0.29 earnings per share. Southwestern Energy’s revenue for the quarter was up 174.5% compared to the same quarter last year. Equities analysts expect that Southwestern Energy will post 1.56 EPS for the current year.
Southwestern Energy declared that its board has authorized a stock buyback plan on Tuesday, June 21st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 13.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Hedge Funds Weigh In On Southwestern Energy
Institutional investors and hedge funds have recently bought and sold shares of the business. Aaron Wealth Advisors LLC purchased a new position in Southwestern Energy during the 1st quarter valued at about $356,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Southwestern Energy in the 1st quarter valued at approximately $25,000. Lindbrook Capital LLC grew its stake in shares of Southwestern Energy by 28.1% in the 1st quarter. Lindbrook Capital LLC now owns 5,723 shares of the energy company’s stock valued at $41,000 after buying an additional 1,254 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of Southwestern Energy in the 4th quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Southwestern Energy in the 1st quarter valued at approximately $56,000. Hedge funds and other institutional investors own 85.77% of the company’s stock.
About Southwestern Energy
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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Source: defenseworld.net
