Southwestern Energy (NYSE:SWN) Earns Market Perform Rating from Analysts at Oppenheimer

Analysts at Oppenheimer assumed coverage on shares of Southwestern Energy (NYSE:SWN) in a research note issued on Thursday, June 6th, Marketbeat Ratings reports. The firm set a “market perform” rating on the energy company’s stock.

A number of other research analysts have also recently weighed in on the company. B. Riley reiterated a “buy” rating and issued a $6.50 target price (down previously from $7.30) on shares of Southwestern Energy in a report on Friday, May 17th. Wolfe Research cut Southwestern Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, April 18th. Zacks Investment Research cut Southwestern Energy from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Mitsubishi UFJ Financial Group reduced their target price on Southwestern Energy to $5.00 and set a “neutral” rating on the stock in a report on Friday, February 8th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Southwestern Energy presently has a consensus rating of “Hold” and a consensus price target of $5.60.

Shares of NYSE:SWN opened at $3.16 on Thursday. Southwestern Energy has a one year low of $3.02 and a one year high of $6.23. The company’s fifty day moving average is $3.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.71 billion, a PE ratio of 3.10, a PEG ratio of 0.47 and a beta of 1.21.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, April 25th. The energy company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Southwestern Energy had a return on equity of 23.46% and a net margin of 23.47%. The business had revenue of $990.00 million for the quarter, compared to analysts’ expectations of $563.69 million. During the same quarter last year, the firm earned $0.28 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Southwestern Energy will post 0.73 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in SWN. Bank of Montreal Can grew its stake in Southwestern Energy by 1.2% in the fourth quarter. Bank of Montreal Can now owns 1,113,015 shares of the energy company’s stock worth $3,794,000 after purchasing an additional 13,150 shares in the last quarter. Rhumbline Advisers grew its stake in Southwestern Energy by 70.3% in the fourth quarter. Rhumbline Advisers now owns 1,825,393 shares of the energy company’s stock worth $6,225,000 after purchasing an additional 753,492 shares in the last quarter. OLD National Bancorp IN grew its stake in Southwestern Energy by 9.0% in the fourth quarter. OLD National Bancorp IN now owns 101,585 shares of the energy company’s stock worth $346,000 after purchasing an additional 8,394 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Southwestern Energy by 80.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 663,469 shares of the energy company’s stock worth $2,262,000 after purchasing an additional 295,097 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new position in Southwestern Energy in the fourth quarter valued at approximately $512,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

About Southwestern Energy

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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Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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