Jefferies Group Reiterates Sell Rating for Southwestern Energy Co. (SWN)

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Southwestern Energy Co. (NYSE:SWN)‘s stock had its “sell” rating reaffirmed by investment analysts at Jefferies Group in a report issued on Monday.
SWN has been the topic of several other reports. Deutsche Bank AG reissued a “hold” rating on shares of Southwestern Energy in a research report on Wednesday, April 6th. KLR Group lowered Southwestern Energy from an “accumulate” rating to a “hold” rating and set a $13.00 target price on the stock. in a research report on Tuesday, June 7th. Vetr lowered Southwestern Energy from a “strong-buy” rating to a “buy” rating and set a $13.92 target price on the stock. in a research report on Wednesday, May 25th. Bank of America Corp. reaffirmed a “hold” rating on shares of Southwestern Energy in a research report on Thursday, June 30th. Finally, Zacks Investment Research raised Southwestern Energy from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Monday, July 11th. Five equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.44.
Southwestern Energy (NYSE:SWN) traded down 4.66% during trading on Monday, reaching $14.72. 9,942,903 shares of the company were exchanged. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $16.21. The firm’s 50 day moving average is $14.14 and its 200 day moving average is $11.80. The stock’s market capitalization is $5.71 billion.

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Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Friday, July 22nd. The energy company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $522 million for the quarter, compared to analyst estimates of $517.49 million. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. Analysts expect that Southwestern Energy will post $0.06 EPS for the current year.
A number of large investors have made changes to their positions in the company. Capital World Investors increased its stake in shares of Southwestern Energy by 8.3% in the fourth quarter. Capital World Investors now owns 13,000,000 shares of the energy company’s stock valued at $92,430,000 after buying an additional 1,000,000 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of Southwestern Energy by 137.3% in the fourth quarter. State of Tennessee Treasury Department now owns 10,906,067 shares of the energy company’s stock valued at $77,542,000 after buying an additional 6,310,094 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Southwestern Energy by 5.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 10,492,996 shares of the energy company’s stock valued at $84,678,000 after buying an additional 516,817 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Southwestern Energy during the second quarter valued at $91,593,000. Finally, Norges Bank purchased a new position in shares of Southwestern Energy during the fourth quarter valued at $51,387,000. 99.02% of the stock is owned by hedge funds and other institutional investors.
Southwestern Energy Company Profile
Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.

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