An issue of Southwestern Energy Company (NYSE:SWN) bonds rose 1% against their face value during trading on Wednesday after Barclays PLC lowered their price target on the stock from $6.00 to $5.00. The high-yield debt issue has a 4.1% coupon and will mature on March 15, 2022. The debt is now trading at $98.50 and was trading at $96.35 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its stock price.
Other research analysts also recently issued research reports about the company. Scotiabank set a $9.00 price target on Southwestern Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. BidaskClub upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada set a $8.00 target price on Southwestern Energy and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies cut their target price on Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. Finally, BMO Capital Markets restated a “buy” rating and issued a $8.00 target price on shares of Southwestern Energy in a research note on Tuesday, June 27th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.60.
A number of large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. boosted its stake in shares of Southwestern Energy by 2.4% in the second quarter. Whittier Trust Co. now owns 71,533 shares of the energy company’s stock worth $435,000 after acquiring an additional 1,701 shares during the period. UBS Oconnor LLC boosted its stake in Southwestern Energy by 294.0% during the first quarter. UBS Oconnor LLC now owns 857,670 shares of the energy company’s stock valued at $7,007,000 after buying an additional 640,014 shares during the last quarter. Airain ltd boosted its stake in Southwestern Energy by 4.6% during the second quarter. Airain ltd now owns 423,311 shares of the energy company’s stock valued at $2,574,000 after buying an additional 18,730 shares during the last quarter. BlackRock Inc. boosted its stake in Southwestern Energy by 2,582.8% during the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock valued at $255,479,000 after buying an additional 30,105,011 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its stake in Southwestern Energy by 75.0% during the first quarter. Ngam Advisors L.P. now owns 42,849 shares of the energy company’s stock valued at $350,000 after buying an additional 18,370 shares during the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
The stock’s market capitalization is $2.92 billion. The company’s 50-day moving average price is $5.79 and its 200 day moving average price is $6.34.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The firm had revenue of $811.00 million during the quarter, compared to analyst estimates of $810.00 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 55.4% on a year-over-year basis. On average, equities research analysts anticipate that Southwestern Energy Company will post $0.52 EPS for the current year.
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About Southwestern Energy
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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