Southwestern Energy Company (SWN) : Analyst Rating Update

Southwestern Energy Company (SWN) : 24 analysts are covering Southwestern Energy Company (SWN) and their average rating on the stock is 3.4, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 6 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Southwestern Energy Company (SWN) : The consensus price target for Southwestern Energy Company (SWN) is $11 for the short term with a standard deviation of $3.49. The most optimist securities analyst among the 21 who monitor the stock believes that the stock can reach $17, however, the pessimist price target for the company is $5.

Southwestern Energy Company (NYSE:SWN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.57 and $11.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.08, notching a gain of 3.60% for the day. The total traded volume was 16,457,156 . The stock had closed at $11.66 on the previous day.

Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Southwestern Energy Company (NYSE:SWN). The current rating of the shares is Underweight, according to the research report released by the firm. The brokerage firm raises the price target from $6 per share to $7 per share. The rating by the firm was issued on June 14, 2016. The company shares have dropped -44.50% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $22.70 and the one year low was seen on Dec 17, 2015. The 50-Day Moving Average price is $13.23 and the 200 Day Moving Average price is recorded at $9.78.

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 Companys 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.