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. As of December 31, 2021, it had approximately 768,050 net acres in Appalachia; a total of 1,527 wells on production; and approximately proved natural gas, oil, and NGLs reserves comprise 21,148 billion cubic feet of natural gas equivalent (Bcfe). It also engages in the marketing and transportation of natural gas, oil, and NGLs. The company serves LNG exporters, energy companies, utilities, and industrial purchasers of natural gas. Southwestern Energy Company was incorporated in 1929 and is headquartered in Spring, Texas.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Southwestern Energy from $9.50 to $7.50 and set a "neutral" rating for the company in a report on Tuesday, July 5th. Citigroup reiterated a "buy" rating and set a $8.00 price target on shares of Southwestern Energy in a report on Thursday, July 21st. Raymond James boosted their price objective on shares of Southwestern Energy from $9.00 to $10.50 and gave the stock an "outperform" rating in a research note on Monday, April 25th. Piper Sandler raised their target price on shares of Southwestern Energy to $13.00 in a research note on Friday, June 3rd. Finally, Wells Fargo & Company raised shares of Southwestern Energy from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $10.00 to $12.00 in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.35.
Southwestern Energy Trading Up 5.2 %
Shares of Southwestern Energy stock opened at $6.83 on Monday. Southwestern Energy has a 52-week low of $3.81 and a 52-week high of $9.87. The firm has a market capitalization of $7.62 billion, a PE ratio of -4.88 and a beta of 1.23. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.22 and a quick ratio of 0.22. The company's fifty day moving average price is $7.22 and its two-hundred day moving average price is $6.57.
Southwestern Energy (NYSE:SWN - Get Rating) last issued its earnings results on Thursday, August 4th. The energy company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). Southwestern Energy had a negative net margin of 8.58% and a positive return on equity of 185.01%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.19 earnings per share. Southwestern Energy's revenue was up 294.1% on a year-over-year basis. On average, analysts expect that Southwestern Energy will post 1.41 EPS for the current year.