Southwestern Energy (NYSE:SWN) Downgraded to Underperform at Bank of America

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Southwestern Energy (NYSE:SWN) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday, January 4th, Marketbeat.com reports.

A number of other equities research analysts have also issued reports on SWN. BMO Capital Markets lowered Southwestern Energy from an “outperform” rating to a “market perform” rating and set a $7.00 target price on the stock. in a research note on Thursday, September 6th. Morgan Stanley boosted their price target on Southwestern Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Thursday, September 6th. Macquarie boosted their price target on Southwestern Energy from $5.00 to $5.75 and gave the company a “neutral” rating in a report on Thursday, September 6th. Zacks Investment Research upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Monday, October 22nd. Finally, MKM Partners started coverage on Southwestern Energy in a report on Wednesday, December 5th. They set a “buy” rating and a $6.00 price objective for the company. Nine analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. Southwestern Energy currently has a consensus rating of “Hold” and an average target price of $5.80.

SWN stock traded up $0.05 on Friday, reaching $4.35. The company had a trading volume of 13,592,276 shares, compared to its average volume of 21,680,834. Southwestern Energy has a 1 year low of $3.23 and a 1 year high of $6.23. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $2.54 billion, a P/E ratio of 9.89 and a beta of 0.95.

Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, October 25th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. Southwestern Energy had a return on equity of 22.07% and a net margin of 14.22%. The firm had revenue of $951.00 million for the quarter, compared to analyst estimates of $889.13 million. On average, research analysts predict that Southwestern Energy will post 1 earnings per share for the current year.

In other Southwestern Energy news, SVP Jennifer N. Mccauley sold 10,850 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $5.88, for a total value of $63,798.00. Following the completion of the transaction, the senior vice president now directly owns 30,799 shares of the company’s stock, valued at approximately $181,098.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of SWN. B. Riley Wealth Management Inc. purchased a new position in Southwestern Energy in the 3rd quarter valued at about $88,000. Fox Run Management L.L.C. bought a new position in shares of Southwestern Energy during the third quarter worth about $101,000. FDx Advisors Inc. bought a new position in shares of Southwestern Energy during the third quarter worth about $107,000. US Bancorp DE lifted its position in shares of Southwestern Energy by 222.5% during the second quarter. US Bancorp DE now owns 23,962 shares of the energy company’s stock worth $127,000 after purchasing an additional 16,533 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Southwestern Energy by 71.2% during the third quarter. D.A. Davidson & CO. now owns 27,691 shares of the energy company’s stock worth $142,000 after purchasing an additional 11,513 shares during the last quarter. 96.89% of the stock is owned by 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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