Southwestern Energy’s (SWN) “Buy” Rating Reaffirmed at Cowen and Company

Cowen and Company reaffirmed their buy rating on shares of Southwestern Energy Company (NYSE:SWN) in a research report released on Tuesday morning. They currently have a $9.00 target price on the energy company’s stock.

Several other analysts have also commented on the stock. KeyCorp reissued a hold rating on shares of Southwestern Energy in a research note on Sunday, September 3rd. BidaskClub raised shares of Southwestern Energy from a strong sell rating to a sell rating in a research note on Friday, August 25th. Piper Jaffray Companies set a $8.00 target price on shares of Southwestern Energy and gave the company a hold rating in a research note on Thursday, August 24th. Royal Bank Of Canada set a $8.00 target price on shares of Southwestern Energy and gave the company a hold rating in a research note on Tuesday, August 8th. Finally, Scotiabank set a $8.00 target price on shares of Southwestern Energy and gave the company a hold rating in a research note on Monday, August 7th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. Southwestern Energy has a consensus rating of Hold and an average price target of $12.33.

Shares of Southwestern Energy (NYSE SWN) traded up 2.170% on Tuesday, hitting $5.885. The company had a trading volume of 17,400,610 shares. The company has a 50-day moving average of $5.44 and a 200 day moving average of $6.56. The stock’s market cap is $2.93 billion. Southwestern Energy has a 12 month low of $5.00 and a 12 month high of $14.98.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.08). Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The business had revenue of $811.00 million for the quarter, compared to analyst estimates of $810.00 million. During the same period in the prior year, the company earned ($0.09) earnings per share. The firm’s revenue for the quarter was up 55.4% on a year-over-year basis. Analysts anticipate that Southwestern Energy will post $0.55 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the business. Retirement Systems of Alabama increased its stake in shares of Southwestern Energy by 3.5% during the 1st quarter. Retirement Systems of Alabama now owns 240,706 shares of the energy company’s stock worth $1,967,000 after purchasing an additional 8,084 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Southwestern Energy by 18.7% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 43,657 shares of the energy company’s stock worth $356,000 after purchasing an additional 6,865 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Southwestern Energy by 8.5% during the 1st quarter. Wells Fargo & Company MN now owns 975,723 shares of the energy company’s stock worth $7,971,000 after purchasing an additional 76,651 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Southwestern Energy by 105.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 198,878 shares of the energy company’s stock worth $1,625,000 after purchasing an additional 102,199 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Southwestern Energy by 3.8% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 79,524 shares of the energy company’s stock worth $650,000 after purchasing an additional 2,898 shares during the last quarter. Institutional investors own 89.57% of the company’s stock.

About Southwestern Energy

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.

Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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