Southwestern Energy (NYSE:SWN) Price Target Lowered to $7.00 at UBS Group

Southwestern Energy (NYSE:SWN) had its target price reduced by UBS Group from $7.50 to $7.00 in a report released on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the energy company’s stock.

A number of other equities research analysts also recently issued reports on the stock. Piper Sandler reduced their price target on shares of Southwestern Energy from $7.00 to $6.00 and set a neutral rating on the stock in a research note on Thursday, August 15th. Wolfe Research began coverage on Southwestern Energy in a research report on Thursday, July 18th. They issued a peer perform rating on the stock. StockNews.com initiated coverage on Southwestern Energy in a research report on Wednesday, September 11th. They set a sell rating for the company. Susquehanna dropped their price objective on Southwestern Energy from $7.00 to $6.50 and set a neutral rating for the company in a research note on Monday, August 19th. Finally, Scotiabank decreased their target price on Southwestern Energy from $9.50 to $9.00 and set a sector perform rating on the stock in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $8.56.

Southwestern Energy Stock Performance

Southwestern Energy stock opened at $6.35 on Wednesday. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of -3.65 and a beta of 1.12. Southwestern Energy has a 1-year low of $5.85 and a 1-year high of $7.80. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $6.35 and a 200-day simple moving average of $6.92.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The company’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. On average, analysts expect that Southwestern Energy will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Southwestern Energy

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Southwestern Energy by 21.8% during the second quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock worth $329,276,000 after purchasing an additional 8,741,562 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Southwestern Energy by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock worth $298,381,000 after buying an additional 4,968,002 shares during the last quarter. Millennium Management LLC boosted its position in shares of Southwestern Energy by 97.0% during the 2nd quarter. Millennium Management LLC now owns 24,923,413 shares of the energy company’s stock worth $167,735,000 after acquiring an additional 12,270,110 shares in the last quarter. Kopernik Global Investors LLC increased its holdings in shares of Southwestern Energy by 0.7% in the 4th quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock valued at $137,598,000 after acquiring an additional 143,007 shares during the last quarter. Finally, Magnetar Financial LLC raised its position in shares of Southwestern Energy by 3,468.3% during the 1st quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after acquiring an additional 12,013,898 shares in the last quarter. 86.97% of the stock is owned by hedge funds and other institutional investors.

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.