Raymond James analyst John Freeman maintained a Buy rating on Southwestern Energy (SWN – Research Report) today and set a price target of $7.50. The company’s shares opened today at $5.51.
According to TipRanks, Freeman is a top 25 analyst with an average return of 32.1% and a 60.64% success rate. Freeman covers the Utilities sector, focusing on stocks such as Northern Oil And Gas, APA, and Devon Energy.
Currently, the analyst consensus on Southwestern Energy is a Hold with an average price target of $7.28, representing a 32.12% upside. In a report released on January 23, Susquehanna also maintained a Buy rating on the stock with a $7.50 price target.
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Based on Southwestern Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.54 billion and a net profit of $450 million. In comparison, last year the company earned a revenue of $1.6 billion and had a GAAP net loss of $1.86 billion
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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.
Read More on SWN:
- Southwestern Energy initiated with an Equal Weight at Wells Fargo
- Southwestern Energy downgraded to Hold at Benchmark on buyback potential
- Southwestern Energy downgraded to Hold from Buy at Benchmark
- Largest borrow rate increases among liquid names
- Southwestern Energy assumed with Neutral from Buy at Mizuho