In a report issued on May 2, Arun Jayaram from J.P. Morgan maintained a Sell rating on Southwestern Energy (SWN – Research Report), with a price target of $9.00. The company’s shares closed last Tuesday at $7.68.
According to TipRanks.com, Jayaram is a 4-star analyst with an average return of 10.8% and a 52.4% success rate. Jayaram covers the Utilities sector, focusing on stocks such as Continental Resources, Antero Resources, and Vermilion Energy.
Southwestern Energy has an analyst consensus of Hold, with a price target consensus of $9.69.
Based on Southwestern Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.94 billion and GAAP net loss of $2.68 billion. In comparison, last year the company earned revenue of $1.07 billion and had a net profit of $80 million.
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Southwestern Energy Co. is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P); and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P. The company was founded on July 2, 1929 and is headquartered in Spring, TX.
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