Southwestern Energy (NYSE:SWN) Price Target Raised to $6.30 at Wells Fargo & Company

Posted by Defense World Staff on Sep 2nd, 2023

Southwestern Energy (NYSE:SWN – Free Report) had its price target boosted by Wells Fargo & Company from $6.20 to $6.30 in a research note published on Friday, Marketbeat reports. The firm currently has an underweight rating on the energy company’s stock.

A number of other equities analysts have also recently commented on SWN. Citigroup raised their target price on Southwestern Energy from $6.50 to $7.00 and gave the stock a neutral rating in a report on Monday, August 7th. Morgan Stanley reiterated an equal weight rating and set a $5.00 price objective on shares of Southwestern Energy in a research note on Wednesday, July 19th. Truist Financial raised their target price on shares of Southwestern Energy from $7.00 to $8.00 in a research note on Thursday, July 6th. UBS Group upped their price target on shares of Southwestern Energy from $6.00 to $7.00 and gave the stock a neutral rating in a research report on Thursday, August 17th. Finally, The Goldman Sachs Group raised their price objective on shares of Southwestern Energy from $5.00 to $5.50 and gave the company a sell rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $7.29.

View Our Latest Stock Analysis on SWN

Southwestern Energy Price Performance

NYSE SWN opened at $6.78 on Friday. The company has a 50-day moving average price of $6.29 and a 200-day moving average price of $5.51. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $8.27. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $7.46 billion, a P/E ratio of 1.36 and a beta of 1.38.

Southwestern Energy (NYSE:SWN – Get Free Report) last announced its earnings results on Friday, August 4th. The energy company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Southwestern Energy had a net margin of 48.82% and a return on equity of 23.55%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was down 69.3% compared to the same quarter last year. Equities research analysts anticipate that Southwestern Energy will post 0.64 earnings per share for the current 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. New York State Teachers Retirement System raised its holdings in shares of Southwestern Energy by 6.2% during the 1st quarter. New York State Teachers Retirement System now owns 1,335,928 shares of the energy company’s stock worth $6,680,000 after acquiring an additional 78,570 shares in the last quarter. Easterly Investment Partners LLC raised its stake in Southwestern Energy by 58.3% during the fourth quarter. Easterly Investment Partners LLC now owns 466,549 shares of the energy company’s stock valued at $2,729,000 after purchasing an additional 171,818 shares in the last quarter. Stratos Wealth Advisors LLC purchased a new stake in shares of Southwestern Energy during the 1st quarter valued at about $713,000. Arizona State Retirement System lifted its holdings in shares of Southwestern Energy by 3.7% in the 4th quarter. Arizona State Retirement System now owns 251,546 shares of the energy company’s stock valued at $1,472,000 after acquiring an additional 8,891 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its stake in Southwestern Energy by 14.3% during the first quarter. New Mexico Educational Retirement Board now owns 199,900 shares of the energy company’s stock worth $1,000,000 after acquiring an additional 25,000 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

Southwestern Energy Company Profile

(Get Free Report)

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.