Southwestern Energy (NYSE:SWN) Price Target Cut to $7.00 by Analysts at UBS Group

Southwestern Energy (NYSE:SWN) had its target price lowered by UBS Group from $7.50 to $7.00 in a report released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the energy company’s stock.

SWN has been the subject of a number of other reports. Susquehanna lowered their target price on Southwestern Energy from $7.00 to $6.50 and set a neutral rating for the company in a research note on Monday, August 19th. Wolfe Research initiated coverage on Southwestern Energy in a research note on Thursday, July 18th. They issued a peer perform rating for the company. Piper Sandler lowered their target price on Southwestern Energy from $7.00 to $6.00 and set a neutral rating for the company in a research note on Thursday, August 15th. StockNews.com initiated coverage on Southwestern Energy in a research note on Wednesday, September 11th. They issued a sell rating for the company. Finally, Scotiabank lowered their target price on Southwestern Energy from $9.50 to $9.00 and set a sector perform rating for the company in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $8.56.

Southwestern Energy Stock Performance

Southwestern Energy stock opened at $6.72 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a fifty day moving average price of $6.32 and a two-hundred day moving average price of $6.91. Southwestern Energy has a 52-week low of $5.85 and a 52-week high of $7.80. The firm has a market capitalization of $7.41 billion, a P/E ratio of -3.86 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, analysts anticipate that Southwestern Energy will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Southwestern Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWN. Rise Advisors LLC bought a new position in Southwestern Energy during the first quarter worth about $25,000. Pingora Partners LLC bought a new position in Southwestern Energy during the fourth quarter worth about $30,000. Larson Financial Group LLC boosted its holdings in Southwestern Energy by 4,752.1% during the second quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock worth $40,000 after buying an additional 5,750 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Southwestern Energy during the first quarter worth about $43,000. Finally, Choreo LLC bought a new position in Southwestern Energy during the second quarter worth about $69,000. Institutional investors own 86.97% of the company’s stock.

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.