UBS Group Boosts Southwestern Energy (NYSE:SWN) Price Target to $2.00

Southwestern Energy (NYSE:SWN) had its price target upped by UBS Group from $1.90 to $2.00 in a research note published on Monday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the energy company’s stock.

A number of other research analysts also recently weighed in on the company. Stifel Nicolaus lifted their price target on Southwestern Energy from $1.50 to $1.60 and gave the company a hold rating in a report on Monday, April 20th. ValuEngine downgraded Southwestern Energy from a sell rating to a strong sell rating in a research note on Tuesday, March 3rd. Wells Fargo & Co restated an underweight rating and issued a $3.50 target price on shares of Southwestern Energy in a research note on Thursday, June 25th. MKM Partners boosted their target price on Southwestern Energy from $2.00 to $3.00 and gave the company a neutral rating in a research note on Monday, May 4th. Finally, SunTrust Banks upped their price target on Southwestern Energy from $1.00 to $3.00 and gave the stock a hold rating in a research note on Friday, April 24th. Six analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The company has an average rating of Hold and a consensus target price of $2.93.

Shares of Southwestern Energy stock opened at $2.52 on Monday. The stock’s fifty day moving average is $2.96 and its 200-day moving average is $2.29. The firm has a market capitalization of $1.45 billion, a PE ratio of -1.09 and a beta of 1.52. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. Southwestern Energy has a 12-month low of $1.06 and a 12-month high of $3.90.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, April 30th. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $592.00 million for the quarter, compared to analyst estimates of $659.76 million. Southwestern Energy had a positive return on equity of 8.56% and a negative net margin of 47.35%. Southwestern Energy’s revenue for the quarter was down 40.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. Analysts expect that Southwestern Energy will post 0.25 EPS for the current year.

A number of institutional investors have recently bought and sold shares of SWN. Victory Capital Management Inc. grew its stake in shares of Southwestern Energy by 85.3% in the 4th quarter. Victory Capital Management Inc. now owns 255,274 shares of the energy company’s stock valued at $401,000 after purchasing an additional 117,491 shares during the period. Swiss National Bank grew its stake in shares of Southwestern Energy by 1.9% in the 4th quarter. Swiss National Bank now owns 1,036,300 shares of the energy company’s stock valued at $2,508,000 after purchasing an additional 18,900 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Southwestern Energy by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 92,884 shares of the energy company’s stock valued at $225,000 after purchasing an additional 8,802 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Southwestern Energy by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,340,775 shares of the energy company’s stock valued at $8,085,000 after purchasing an additional 69,627 shares during the period. Finally, Comerica Bank grew its stake in shares of Southwestern Energy by 64.2% in the 4th quarter. Comerica Bank now owns 509,002 shares of the energy company’s stock valued at $794,000 after purchasing an additional 199,086 shares during the period.

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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