Raymond James Downgrades Southwestern Energy Company to Market Perform

Brokerage firm Raymond James Downgrades its rating on Southwestern Energy Company(NYSE:SWN). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Raymond James was issued on Jul 5, 2016.

In a different note, On Jun 14, 2016, Barclays said it Maintains its rating on Southwestern Energy Company. In the research note, the firm Raises the price-target to $6.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jun 7, 2016, KLR Group said it Downgrades its rating on Southwestern Energy Company. The shares have been rated ‘Hold’ by the firm. On Apr 25, 2016, Cowen & Company said it Downgrades its rating on Southwestern Energy Company. The shares have been rated ‘Market Perform’ by the firm. On Apr 19, 2016, UBS said it Downgrades its rating on Southwestern Energy Company. In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Sell’ by the firm. On Apr 15, 2016, JP Morgan said it Downgrades its rating on Southwestern Energy Company. The shares have been rated ‘Underweight’ by the firm. On Apr 7, 2016, Citigroup said it Maintains its rating on Southwestern Energy Company. In the research note, the firm Raises the price-target to $7.50 per share. The shares have been rated ‘Neutral’ by the firm.

Southwestern Energy Company (SWN) made into the market gainers list on Fridays trading session with the shares advancing 4.38% or 0.54 points. Due to strong positive momentum, the stock ended at $12.87, which is also near the day’s high of $13. The stock began the session at $12.51 and the volume stood at 2,45,30,330 shares. The 52-week high of the shares is $22.7 and the 52 week low is $5. The company has a current market capitalization of $5,054 M and it has 39,26,66,630 shares in outstanding.

Southwestern Energy Company(SWN) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $579.00M. Analysts had an estimated revenue of $530.99M. Earnings per share were $-0.08. Analysts had estimated an EPS of $-0.21.

Several Insider Transactions has been reported to the SEC. On Aug 7, 2015, Paul W Iii Geiger (Sr. Vice Pres. of Subsidiary) purchased 15,000 shares at $16.75 per share price.Also, On Jan 23, 2015, Terry W Rathert (director) purchased 5,000 shares at $23.00 per share price.On Jan 23, 2015, Steven L Mueller (CEO) purchased 15,000 shares at $23.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses which it refer to as Midstream Services. The Company conducts its business through subsidiaries. The Company’s operations are focused within the United States on development of two natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on a natural gas reservoir Fayetteville Shale and its operations in northeast Pennsylvania are focused on the natural gas reservoir Marcellus Shale. The Company engages in natural gas gathering activities in Arkansas Texas Louisiana Pennsylvania and West Virginia.

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