Southwestern Energy (NYSE:SWN) PT Set at $2.00 by Morgan Stanley

Morgan Stanley set a $2.00 target price on Southwestern Energy (NYSE:SWN) in a research report report published on Monday morning, Stock Target Advisor reports. The firm currently has a sell rating on the energy company’s stock.

Several other equities research analysts also recently weighed in on SWN. Wolfe Research downgraded shares of Southwestern Energy from a peer perform rating to an underperform rating in a research report on Thursday, April 18th. B. Riley reissued a buy rating and set a $6.50 price target (down previously from $7.30) on shares of Southwestern Energy in a research report on Friday, May 17th. Finally, Oppenheimer initiated coverage on shares of Southwestern Energy in a research report on Thursday, June 6th. They set a market perform rating for the company. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $5.60.

SWN stock opened at $3.06 on Monday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 3.00, a price-to-earnings-growth ratio of 0.46 and a beta of 1.21. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.77. The firm’s 50 day simple moving average is $3.58. Southwestern Energy has a 52-week low of $3.02 and a 52-week high of $6.23.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, April 25th. The energy company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The company had revenue of $990.00 million during the quarter, compared to the consensus estimate of $563.69 million. Southwestern Energy had a net margin of 23.47% and a return on equity of 23.46%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Analysts forecast that Southwestern Energy will post 0.73 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank grew its position in Southwestern Energy by 1.5% in the 4th quarter. Comerica Bank now owns 378,032 shares of the energy company’s stock worth $1,690,000 after purchasing an additional 5,640 shares during the period. Courier Capital LLC bought a new stake in Southwestern Energy in the 4th quarter worth approximately $48,000. Texas Permanent School Fund grew its position in Southwestern Energy by 3.1% in the 4th quarter. Texas Permanent School Fund now owns 380,382 shares of the energy company’s stock worth $1,297,000 after purchasing an additional 11,479 shares during the period. Geode Capital Management LLC grew its position in Southwestern Energy by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 6,799,075 shares of the energy company’s stock worth $23,184,000 after purchasing an additional 507,867 shares during the period. Finally, Piedmont Investment Advisors Inc. grew its position in Southwestern Energy by 27.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 32,769 shares of the energy company’s stock worth $154,000 after purchasing an additional 7,142 shares during the period. 94.63% 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 development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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