Barclays Capital Cuts Price Target on Southwestern Energy (SWN)

By admin | 6 years ago

Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Southwestern Energy (NYSE: SWN) from $28.00 to $26.00 in a research note issued to investors on Tuesday. The firm currently has an “equal weight” rating on the stock.

A number of other firms have also recently commented on SWN. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Southwestern Energy in a research note to investors on Tuesday. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Southwestern Energy in a research note to investors on Monday. Finally, analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Southwestern Energy in a research note to investors on Friday, May 4th.

Shares of Southwestern Energy opened at 29.59 on Tuesday. Southwestern Energy has a one year low of $27.15 and a one year high of $49.25. The company has a market cap of $10.331 billion and a P/E ratio of 17.01.

Southwestern Energy last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.01. The company’s quarterly revenue was down 29.9% on a year-over-year basis. On average, analysts predict that Southwestern Energy will post $0.29 earnings per share next quarter.

Southwestern Energy Company (Southwestern Energy) is an independent energy company engaged in natural gas and crude oil exploration, development and production (E&P).

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