Southwestern Energy (SWN) Given a $7.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $7.00 price objective on Southwestern Energy (NYSE:SWN) in a report released on Sunday morning. The firm currently has a buy rating on the energy company’s stock.

Several other equities research analysts have also commented on the stock. Scotiabank set a $7.00 price objective on shares of Southwestern Energy and gave the stock a hold rating in a research report on Monday, August 6th. ValuEngine upgraded shares of Southwestern Energy from a strong sell rating to a sell rating in a research report on Saturday, July 28th. Zacks Investment Research upgraded shares of Southwestern Energy from a hold rating to a buy rating and set a $5.75 target price on the stock in a report on Tuesday, July 17th. B. Riley upped their target price on shares of Southwestern Energy from $7.85 to $10.00 and gave the company a buy rating in a report on Friday, June 22nd. Finally, Stifel Nicolaus restated a hold rating and issued a $4.30 target price on shares of Southwestern Energy in a report on Friday, June 1st. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $5.86.

Shares of Southwestern Energy stock traded down $0.18 on Friday, hitting $5.38. The company’s stock had a trading volume of 420,877 shares, compared to its average volume of 16,396,458. Southwestern Energy has a 52-week low of $3.42 and a 52-week high of $6.72. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $3.26 billion, a PE ratio of 12.61 and a beta of 0.76.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. Southwestern Energy had a net margin of 18.37% and a return on equity of 17.78%. The business had revenue of $816.00 million for the quarter, compared to analyst estimates of $809.41 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. research analysts expect that Southwestern Energy will post 0.85 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC increased its position in Southwestern Energy by 9.7% during the 2nd quarter. SG Americas Securities LLC now owns 123,650 shares of the energy company’s stock worth $655,000 after purchasing an additional 10,929 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Southwestern Energy by 17.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 83,167 shares of the energy company’s stock worth $440,000 after acquiring an additional 12,125 shares during the period. State of Wisconsin Investment Board boosted its holdings in Southwestern Energy by 9.8% in the 1st quarter. State of Wisconsin Investment Board now owns 151,999 shares of the energy company’s stock worth $658,000 after acquiring an additional 13,520 shares during the period. BB&T Corp boosted its holdings in Southwestern Energy by 68.4% in the 2nd quarter. BB&T Corp now owns 33,680 shares of the energy company’s stock worth $178,000 after acquiring an additional 13,682 shares during the period. Finally, Amalgamated Bank boosted its holdings in Southwestern Energy by 14.0% in the 1st quarter. Amalgamated Bank now owns 112,045 shares of the energy company’s stock worth $485,000 after acquiring an additional 13,728 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

Southwestern Energy Company Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.

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