Why Has JP Morgan Given Southwestern Energy Company (NYSE:SWN) a $8.00 Price Target
The research firm JP Morgan has today initiated coverage on Southwestern Energy Company (NYSE:SWN) shares, with a “Neutral” rating, while having set the price target at $8.00.
From a total of 31 analysts covering Southwestern Energy Company (NYSE:SWN) stock, 14 rate it a ”Buy”, 1 a “Sell”, and 22 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $42 while the lowest target price is $8. The mean of all analyst targets is $18.13 with a 167.81% above today’s ($6.99) stock price. Southwestern Energy Company was the topic of 29 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Sterne Agee CRT downgraded shares on November 17 to “Underperform” rating. Global Hunter Securities upgraded shares to “Buy” rating and $26 target share price in a report from a July 21. Citigroup maintained SWN stock in a recent report from September 14 with “Neutral” rating. Finally, Credit Suisse upgraded the stock to “Neutral” rating in a report issued on a September 8.
The stock decreased 1.83% or $0.13 on December 8, striking $6.99. Approximately shares of stock traded hands. Southwestern Energy Company (NYSE:SWN) has declined 75.11% since May 6, 2015 and is downtrending. It has underperformed by 74.31% 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 $2.74 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.” Get a free copy of the Zacks research report on Southwestern Energy Company (SWN).