Southwestern Energy (NYSE:SWN) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Southwestern Energy (NYSE:SWN) in a report issued on Thursday. The firm set a “sell” rating on the energy company’s stock.

A number of other research firms have also recently commented on SWN. Scotiabank decreased their price target 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. Wolfe Research started coverage on Southwestern Energy in a report on Thursday, July 18th. They set a “peer perform” rating for the company. UBS Group dropped their target price on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Susquehanna reduced their price target on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research report on Monday, August 19th. Finally, Piper Sandler dropped their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Southwestern Energy has a consensus rating of “Hold” and an average price target of $7.98.

Southwestern Energy Price Performance

Shares of SWN opened at $7.11 on Thursday. The company’s 50-day moving average price is $6.44 and its 200 day moving average price is $6.91. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. The firm has a market cap of $7.84 billion, a P/E ratio of -4.09 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The business’s revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. On average, sell-side analysts forecast that Southwestern Energy will post 0.56 earnings per share for the current year.

Institutional Trading of Southwestern Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Southwestern Energy by 21.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock valued at $329,276,000 after acquiring an additional 8,741,562 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Southwestern Energy by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after purchasing an additional 4,968,002 shares during the last quarter. Millennium Management LLC raised its holdings in Southwestern Energy by 97.0% during the second quarter. Millennium Management LLC now owns 24,923,413 shares of the energy company’s stock worth $167,735,000 after purchasing an additional 12,270,110 shares in the last quarter. Magnetar Financial LLC lifted 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 buying an additional 12,013,898 shares during the last quarter. Finally, KRYGER CAPITAL Ltd acquired a new position in shares of Southwestern Energy in the 1st quarter valued at $76,543,000. 86.97% 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, 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.