Analysis: Southwestern Energy Company (NYSE:SWN) Stock Target Upgraded Today
In recent note distributed by Sterne Agee CRT on Friday morning, the firm, Southwestern Energy Company (NYSE:SWN), had their target PPS lowered to $3.00. Analusts currently have a solid “Underperform” rating on the stock.
From a total of 32 analysts covering Southwestern Energy Company (NYSE:SWN) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $42 while the lowest target price is $4. The mean of all analyst targets is $16.22 with a 216.79% above today’s ($5.48) stock price. Southwestern Energy Company was the topic of 32 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. JP Morgan upgraded shares on December 15 to “Overweight” rating. JP Morgan initiated shares with “Neutral” rating and $8 target share price in a report from a December 9. Citigroup maintained SWN stock in a recent report from September 14 with “Neutral” rating. Global Hunter Securities upgraded the rating on July 21. Global Hunter Securities has a “Buy” rating and a $26 price target on shares. Finally, Credit Suisse upgraded the stock to “Neutral” rating in a report issued on a September 8.
Approximately 19.82 million shares of stock traded hands or 11.04% up from the average. Southwestern Energy Company (NYSE:SWN) has declined 81.43% since May 15, 2015 and is downtrending. It has underperformed by 77.63% the S&P500.
The overall sentiment of institutions has increased to 1.08 in Q2 2015. Its up 0.05, from 1.03 in 2015Q2. The ratio increased, as 86 institutions have sold all the shares of Southwestern Energy Company that they owned while 113 funds have taken shares off the table. 56 funds have purchased shares for the first time while 159 added to their positions. These institutions now hold 376.90 million shares or 4.61% less than the 395.10 million shares they owned in 2015Q2.
The Fund Sailingstone Capital Partners Llc currently is holding shares equating to 7.34% of its total portfolio in Southwestern Energy Company representing a total of 18.78 million shares. Another fund,Encompass Capital Advisors Llc, is holding a total of 1.80 million shares equating to 4.24% of their holdings. Additionally, Guinness Asset Management Ltd has a 498,400 share stake in Southwestern Energy Company which represents 2.95% of their total portfolio. The Fund, Arosa Capital Management Lp, based out of New York, has also built up a stake in the stock, which represents a total of 2.91% of their total portfolio. Finally Sound Energy Partners Inc., a fund which is based in the state of Connecticut reported a total holdings of 90,000 shares.
Southwestern Energy Company is an energy firm engaged in natural gas and oil exploration, development and production . The company has a market cap of $2.02 billion. The Firm is focused on creating and capturing additional value through its natural gas gathering and marketing businesses, which it refer to as Midstream Services. It currently has negative earnings. The Firm conducts its business through subsidiaries.
According to Zacks Investment Research, “Southwestern Energy Company is an energy company primarily focused on natural gas. They are involved in the following business segments: Exploration and Production – Engaged in natural gas and oil exploration, development and production. This represents their primary business; Natural Gas Distribution – Engaged in the gathering, distribution and transmission of natural gas; Marketing and Transportation – Provides marketing and transportation services in their core areas of operation and owns a 25% interest in the NOARK Pipeline System, Limited Partnership.”