Credit Suisse Group Lowers Southwestern Energy (NYSE:SWN) to Underperform

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Credit Suisse Group downgraded shares of Southwestern Energy (NYSE:SWN) from a neutral rating to an underperform rating in a research note released on Tuesday morning, Benzinga reports. Credit Suisse Group currently has $2.83 price objective on the energy company’s stock.

SWN has been the subject of several other reports. Morgan Stanley set a $23.00 price objective on shares of Cabot Oil & Gas and gave the stock a hold rating in a report on Monday, June 24th. B. Riley set a $2.00 price objective on shares of Ascena Retail Group and gave the stock a hold rating in a report on Friday, May 17th. Wolfe Research lowered shares of Southwestern Energy from a peer perform rating to an underperform rating in a report on Thursday, April 18th. Finally, Oppenheimer assumed coverage on shares of Southwestern Energy in a report on Thursday, June 6th. They set a market perform rating for the company. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Southwestern Energy has an average rating of Hold and a consensus target price of $5.35.

SWN opened at $2.70 on Tuesday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 2.65, a price-to-earnings-growth ratio of 0.45 and a beta of 1.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.94 and a current ratio of 0.94. Southwestern Energy has a twelve month low of $2.68 and a twelve month high of $6.23. The company’s fifty day moving average price is $3.29.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, April 25th. The energy company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The company had revenue of $990.00 million during the quarter, compared to analyst estimates of $563.69 million. Southwestern Energy had a net margin of 23.47% and a return on equity of 23.46%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. Analysts forecast that Southwestern Energy will post 0.71 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Legacy Advisors LLC bought a new stake in Southwestern Energy in the 1st quarter valued at about $49,000. Stevens Capital Management LP bought a new stake in Southwestern Energy in the 1st quarter valued at about $54,000. Cleararc Capital Inc. bought a new stake in Southwestern Energy in the 1st quarter valued at about $65,000. B. Riley Wealth Management Inc. lifted its position in Southwestern Energy by 14.5% in the 4th quarter. B. Riley Wealth Management Inc. now owns 19,620 shares of the energy company’s stock valued at $67,000 after purchasing an additional 2,485 shares during the last quarter. Finally, Van Hulzen Asset Management LLC bought a new stake in Southwestern Energy in the 1st quarter valued at about $67,000. Institutional investors own 94.63% of the company’s stock.

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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