Canaccord Genuity Reaffirms Hold Rating on Southwestern Energy (SWN)

By admin | 7 years ago

Southwestern Energy (NYSE: SWN)‘s stock had its “hold” rating reaffirmed by Canaccord Genuity in a research note issued on Tuesday.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Southwestern Energy in a research note to investors on Monday. Separately, 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. Finally, analysts at Dahlman Rose cut their price target on shares of Southwestern Energy from $43.00 to $38.00 in a research note to investors on Monday, April 9th. They now have a “buy” rating on the stock.

Shares of Southwestern Energy opened at 29.59 on Tuesday. Southwestern Energy has a 52 week low of $27.15 and a 52 week 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 announced its earnings results on Thursday, May 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.01. The company’s revenue for the quarter 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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