Southwestern Energy Company (SWN) Lifted to “Buy” at Citigroup Inc

Citigroup Inc upgraded shares of Southwestern Energy Company (NYSE:SWN) from a neutral rating to a buy rating in a report issued on Wednesday. Citigroup Inc currently has $10.00 price objective on the energy company’s stock.

Several other analysts have also issued reports on SWN. Raymond James Financial, Inc. reiterated a hold rating on shares of Southwestern Energy Company in a research note on Saturday, February 25th. KLR Group reiterated a buy rating and issued a $15.00 target price (up previously from $13.00) on shares of Southwestern Energy Company in a research note on Monday, February 27th. Scotiabank set a $11.00 target price on shares of Southwestern Energy Company and gave the stock a hold rating in a research note on Monday, February 27th. Sanford C. Bernstein lowered shares of Southwestern Energy Company from an outperform rating to a market perform rating in a research note on Tuesday, February 28th. Finally, Deutsche Bank AG reduced their target price on shares of Southwestern Energy Company from $14.00 to $11.00 and set a hold rating for the company in a research note on Tuesday, March 7th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $14.34.

Analyst Recommendations for Southwestern Energy Company (NYSE:SWN)

Southwestern Energy Company (NYSE:SWN) opened at 7.66 on Wednesday. Southwestern Energy Company has a 52-week low of $7.02 and a 52-week high of $15.59. The company’s market capitalization is $3.77 billion. The company’s 50-day moving average is $8.34 and its 200-day moving average is $10.90.

Southwestern Energy Company (NYSE:SWN) last posted its earnings results on Thursday, February 23rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Southwestern Energy Company had a negative return on equity of 2.58% and a negative net margin of 187.25%. The firm earned $684 million during the quarter, compared to the consensus estimate of $645.55 million. During the same quarter in the previous year, the company earned ($0.02) EPS. The business’s revenue was down .4% compared to the same quarter last year. On average, analysts expect that Southwestern Energy Company will post $0.72 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Patten Group Inc. boosted its stake in shares of Southwestern Energy Company by 0.3% in the third quarter. Patten Group Inc. now owns 18,985 shares of the energy company’s stock valued at $259,000 after buying an additional 50 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Southwestern Energy Company by 0.5% in the third quarter. Gateway Investment Advisers LLC now owns 27,627 shares of the energy company’s stock valued at $382,000 after buying an additional 136 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in shares of Southwestern Energy Company by 2.2% in the second quarter. Evercore Wealth Management LLC now owns 11,964 shares of the energy company’s stock valued at $151,000 after buying an additional 259 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Southwestern Energy Company by 1.0% in the third quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the energy company’s stock valued at $435,000 after buying an additional 300 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Southwestern Energy Company by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,680 shares of the energy company’s stock valued at $180,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 98.21% of the company’s stock.

Southwestern Energy Company Company Profile

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.

5 Day Chart for NYSE:SWN

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