Southwestern Energy (NYSE:SWN) – Stock analysts at B. Riley cut their Q1 2019 earnings per share estimates for shares of Southwestern Energy in a research report issued to clients and investors on Monday, February 25th. B. Riley analyst R. Rashid now forecasts that the energy company will post earnings of $0.24 per share for the quarter, down from their prior estimate of $0.27. B. Riley has a “Buy” rating and a $7.00 price objective on the stock. B. Riley also issued estimates for Southwestern Energy’s Q2 2019 earnings at $0.22 EPS and FY2019 earnings at $1.05 EPS.
A number of other research firms also recently issued reports on SWN. Zacks Investment Research reaffirmed a “buy” rating and set a $5.75 price objective on shares of Southwestern Energy in a report on Friday, November 16th. Mitsubishi UFJ Financial Group dropped their price objective on shares of Southwestern Energy to $5.00 and set a “neutral” rating for the company in a report on Friday, February 8th. Bank of America downgraded shares of Southwestern Energy from a “neutral” rating to an “underperform” rating in a report on Friday, January 4th. MKM Partners reaffirmed a “neutral” rating and set a $4.00 price objective on shares of Southwestern Energy in a report on Wednesday, January 16th. Finally, Morgan Stanley set a $4.00 price objective on shares of Southwestern Energy and gave the stock a “sell” rating in a report on Tuesday, January 29th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.52.
NYSE SWN opened at $4.29 on Thursday. Southwestern Energy has a 52-week low of $3.23 and a 52-week high of $6.23. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.62. The firm has a market cap of $2.46 billion, a PE ratio of 9.75 and a beta of 1.30.
A number of institutional investors have recently bought and sold shares of SWN. FMR LLC lifted its stake in Southwestern Energy by 216.5% in the third quarter. FMR LLC now owns 49,012,660 shares of the energy company’s stock worth $250,454,000 after purchasing an additional 33,527,802 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Southwestern Energy by 78.7% in the third quarter. Dimensional Fund Advisors LP now owns 26,092,943 shares of the energy company’s stock worth $133,337,000 after purchasing an additional 11,494,799 shares during the last quarter. BlackRock Inc. lifted its stake in Southwestern Energy by 9.7% in the third quarter. BlackRock Inc. now owns 67,902,435 shares of the energy company’s stock worth $346,981,000 after purchasing an additional 6,031,138 shares during the last quarter. Key Group Holdings Cayman LTD. lifted its stake in Southwestern Energy by 62.3% in the third quarter. Key Group Holdings Cayman LTD. now owns 13,799,075 shares of the energy company’s stock worth $70,513,000 after purchasing an additional 5,294,395 shares during the last quarter. Finally, Key Square Capital Management LLC bought a new stake in Southwestern Energy in the third quarter worth $24,233,000. 95.55% of the stock is owned by institutional investors and hedge funds.
About Southwestern Energy
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.