Southwestern Energy Company (SWN) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Southwestern Energy Company (NYSE:SWN) from a hold rating to a buy rating in a report published on Tuesday morning. Zacks Investment Research currently has $10.00 target price on the energy company’s stock.

According to Zacks, “Southwestern Energy enjoys strong acreage positions in the Fayetteville and Marcellus shales, which offer ample opportunities for newer natural gas discoveries. The company’s initiative to build its New Ventures acreage outside New Brunswick is another positive. Moreover, the massive improvement in both natural gas and oil prices from the historical lows reached during first quarter of 2016 is highly beneficial for the company. The company raised 2016 production guidance in keeping with the improving pricing scenario. Moreover, the company’s strong fundamentals let it to surpass the Zacks Consensus Estimate in three of the last four quarters with an average earnings beat of 19.55%.”

A number of other analysts have also recently commented on SWN. Mizuho reiterated a buy rating and set a $20.00 price objective on shares of Southwestern Energy Company in a research report on Wednesday, October 26th. Credit Suisse Group began coverage on Southwestern Energy Company in a research report on Wednesday, January 25th. They set an underperform rating and a $47.00 price objective for the company. Mitsubishi UFJ Financial Group reiterated a neutral rating on shares of Southwestern Energy Company in a research report on Thursday, January 19th. KLR Group upgraded Southwestern Energy Company from a hold rating to an accumulate rating and set a $15.00 price objective for the company in a research report on Tuesday, October 18th. Finally, Jefferies Group LLC set a $10.00 price objective on Southwestern Energy Company and gave the company a sell rating in a research report on Tuesday, October 18th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $14.66.

Analyst Recommendations for Southwestern Energy Company (NYSE:SWN)

Shares of Southwestern Energy Company (NYSE:SWN) opened at 9.01 on Tuesday. The company’s market cap is $4.40 billion. Southwestern Energy Company has a 12 month low of $5.30 and a 12 month high of $15.59. The stock’s 50 day moving average price is $9.77 and its 200-day moving average price is $11.97.

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In other Southwestern Energy Company news, insider Robert Craig Owen sold 37,500 shares of the firm’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $12.22, for a total transaction of $458,250.00. Following the transaction, the insider now directly owns 101,649 shares in the company, valued at approximately $1,242,150.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jennifer N. Mccauley sold 3,611 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $12.61, for a total value of $45,534.71. Following the transaction, the senior vice president now owns 21,399 shares in the company, valued at $269,841.39. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWN. Patten Group Inc. increased its position in shares of Southwestern Energy Company by 0.3% in the third quarter. Patten Group Inc. now owns 18,985 shares of the energy company’s stock valued at $259,000 after buying an additional 50 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of Southwestern Energy Company by 0.5% in the third quarter. Gateway Investment Advisers LLC now owns 27,627 shares of the energy company’s stock valued at $382,000 after buying an additional 136 shares during the last quarter. Evercore Wealth Management LLC increased its position in shares of Southwestern Energy Company by 2.2% in the second quarter. Evercore Wealth Management LLC now owns 11,964 shares of the energy company’s stock valued at $151,000 after buying an additional 259 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Southwestern Energy Company by 1.0% in the third quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the energy company’s stock valued at $435,000 after buying an additional 300 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Southwestern Energy Company by 2.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 29,307 shares of the energy company’s stock valued at $368,000 after buying an additional 701 shares during the last quarter. Institutional investors own 99.03% of the company’s stock.

About Southwestern Energy Company

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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