Credit Suisse Group Cuts Southwestern Energy (SWN) Price Target to $5.00

Southwestern Energy (NYSE:SWN) had its price target trimmed by Credit Suisse Group from $6.00 to $5.00 in a research report sent to investors on Friday. The firm currently has a neutral rating on the energy company’s stock.

SWN has been the subject of a number of other research reports. Scotiabank set a $8.00 target price on Southwestern Energy and gave the stock a hold rating in a report on Saturday, October 21st. Cowen set a $8.00 target price on Southwestern Energy and gave the stock a buy rating in a report on Thursday, January 18th. Zacks Investment Research lowered Southwestern Energy from a hold rating to a sell rating in a report on Tuesday. ValuEngine upgraded Southwestern Energy from a hold rating to a buy rating in a report on Thursday, January 4th. Finally, Raymond James Financial lowered Southwestern Energy from a market perform rating to an underperform rating in a report on Tuesday, January 30th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the stock. Southwestern Energy has an average rating of Hold and an average target price of $8.14.

Southwestern Energy (NYSE:SWN) traded up $0.05 during trading on Friday, reaching $3.69. The company’s stock had a trading volume of 43,000,000 shares, compared to its average volume of 31,935,558. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market capitalization of $2,138.23, a price-to-earnings ratio of 5.86 and a beta of 0.96. Southwestern Energy has a one year low of $3.42 and a one year high of $9.15.

Several institutional investors and hedge funds have recently modified their holdings of SWN. Ameriprise Financial Inc. raised its position in shares of Southwestern Energy by 85.6% in the second quarter. Ameriprise Financial Inc. now owns 1,570,697 shares of the energy company’s stock valued at $9,550,000 after purchasing an additional 724,639 shares during the period. Thrivent Financial For Lutherans increased its position in Southwestern Energy by 462.6% during the second quarter. Thrivent Financial For Lutherans now owns 102,670 shares of the energy company’s stock worth $624,000 after acquiring an additional 84,420 shares during the period. California Public Employees Retirement System increased its position in Southwestern Energy by 6.2% during the second quarter. California Public Employees Retirement System now owns 1,027,500 shares of the energy company’s stock worth $6,247,000 after acquiring an additional 60,400 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in Southwestern Energy by 50.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 84,200 shares of the energy company’s stock worth $512,000 after acquiring an additional 28,100 shares during the period. Finally, Janus Henderson Group PLC increased its position in Southwestern Energy by 8.9% during the second quarter. Janus Henderson Group PLC now owns 43,900 shares of the energy company’s stock worth $267,000 after acquiring an additional 3,600 shares during the period. Hedge funds and other institutional investors own 77.27% of the company’s stock.

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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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