UBS AG Gives Buy Rating to Southwestern Energy (SWN)

By admin | 6 years ago

Southwestern Energy (NYSE: SWN)‘s stock had its “buy” rating restated by equities researchers at UBS AG (NYSE: UBS) in a report issued on Friday.

Shares of Southwestern Energy traded up 0.35% during mid-day trading on Friday, hitting $28.83. 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 $10.065 billion and a P/E ratio of 16.51.

Southwestern Energy last issued its quarterly earnings data 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 $0.30 earnings per share next quarter.

Several other analysts have also recently commented on the stock. 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. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Southwestern Energy in a research note to investors on Friday, March 16th. They now have a $35.00 price target on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Southwestern Energy in a research note to investors on Wednesday, March 7th. They now have a $31.00 price target on the stock.

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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