Southwestern Energy (NYSE:SWN) Hits New 12-Month High at $7.69

Shares of Southwestern Energy (NYSE:SWN - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $7.69 and last traded at $7.65, with a volume of 626133 shares traded. The stock had previously closed at $7.63.

Wall Street Analysts Forecast Growth

SWN has been the subject of a number of recent analyst reports. UBS Group lifted their target price on shares of Southwestern Energy from $6.00 to $6.25 and gave the stock a "neutral" rating in a research note on Thursday, January 18th. Stifel Nicolaus reiterated a "hold" rating and issued a $6.60 target price (down from $8.50) on shares of Southwestern Energy in a research note on Tuesday, January 23rd. Seaport Res Ptn cut shares of Southwestern Energy from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 31st. Mizuho upgraded shares of Southwestern Energy from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $6.00 to $9.00 in a research note on Monday, February 26th. Finally, Citigroup lifted their price objective on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a "buy" rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Southwestern Energy has an average rating of "Hold" and an average target price of $7.86.

Southwestern Energy Stock Performance

The stock has a market capitalization of $8.28 billion, a PE ratio of 5.33 and a beta of 1.12. The firm's fifty day moving average price is $6.93 and its two-hundred day moving average price is $6.73. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67.

Southwestern Energy (NYSE:SWN - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.29 billion. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The firm's revenue was down 49.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. As a group, equities research analysts forecast that Southwestern Energy will post 0.69 EPS for the current year.

Institutional Investors Weigh In On Southwestern Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SWN. Lindbrook Capital LLC grew its holdings in shares of Southwestern Energy by 30.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company's stock worth $44,000 after buying an additional 1,564 shares in the last quarter. Creative Planning grew its holdings in shares of Southwestern Energy by 2.0% during the fourth quarter. Creative Planning now owns 81,202 shares of the energy company's stock worth $532,000 after buying an additional 1,592 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Southwestern Energy by 7.2% during the first quarter. D.A. Davidson & CO. now owns 24,715 shares of the energy company's stock worth $177,000 after buying an additional 1,668 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Southwestern Energy by 0.5% during the third quarter. Teacher Retirement System of Texas now owns 352,696 shares of the energy company's stock worth $2,275,000 after buying an additional 1,889 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Southwestern Energy by 12.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 17,512 shares of the energy company's stock worth $107,000 after buying an additional 1,994 shares in the last quarter. Hedge funds and other institutional investors own 86.97% of the company's stock.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.