Southwestern Energy (NYSE:SWN) Reaches New 52-Week High at $7.70

Shares of Southwestern Energy (NYSE:SWN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $7.70 and last traded at $7.69, with a volume of 5539660 shares. The stock had previously closed at $7.65.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SWN shares. Seaport Res Ptn cut Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. UBS Group upped their price target on Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Susquehanna raised their price objective on Southwestern Energy from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Monday. Scotiabank downgraded shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and upped their target price for the stock from $9.00 to $9.50 in a research report on Thursday, April 11th. Finally, Citigroup lifted their price target on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Southwestern Energy presently has a consensus rating of “Hold” and an average price target of $8.14.

Southwestern Energy Stock Performance

The company has a market cap of $8.49 billion, a P/E ratio of 5.47 and a beta of 1.12. The business’s 50 day simple moving average is $7.24 and its 200 day simple moving average is $6.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company earned $0.26 EPS. Southwestern Energy’s revenue for the quarter was down 49.9% on a year-over-year basis. Sell-side analysts predict that Southwestern Energy will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Southwestern Energy by 32.3% during the 3rd quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock valued at $256,613,000 after purchasing an additional 9,709,483 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Southwestern Energy by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock worth $192,133,000 after buying an additional 1,924,108 shares in the last quarter. Invesco Ltd. boosted its stake in Southwestern Energy by 13.7% during the third quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock valued at $146,644,000 after buying an additional 2,744,656 shares during the last quarter. Kopernik Global Investors LLC grew its holdings in Southwestern Energy by 0.7% during the 4th quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock valued at $137,598,000 after buying an additional 143,007 shares in the last quarter. Finally, Kimmeridge Energy Management Company LLC bought a new stake in Southwestern Energy in the 4th quarter worth approximately $120,352,000. 86.97% of the stock is owned by hedge funds and other institutional investors.

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.