Southwestern Energy Company (SWN) was Downgraded by KLR Group to ” Accumulate”. Earlier the firm had a rating of “Buy ” on the company shares. KLR Group advised their investors in a research report released on Apr 25, 2016.
Many Wall Street Analysts have commented on Southwestern Energy Company. Company shares were Downgraded by UBS on Apr 19, 2016 to ” Sell”, Firm has raised the Price Target to $ 9 from a previous price target of $7 .Southwestern Energy Company was Downgraded by JP Morgan to ” Underweight” on Apr 15, 2016. Shares were Downgraded by Barclays on Mar 1, 2016 to ” Underweight” and Lowered the Price Target to $ 4 from a previous price target of $7 .
On the company’s financial health, Southwestern Energy Company reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.20. The company had revenue of $579.00 million for the quarter, compared to analysts expectations of $561.50 million. The company’s revenue was down -37.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
Southwestern Energy Company opened for trading at $11.27 and hit $12.56 on the upside on Friday, eventually ending the session at $12.27, with a gain of 15.00% or 1.6 points. The heightened volatility saw the trading volume jump to 3,57,84,917 shares. Company has a market cap of $4,818 M.
In a different news, on Aug 7, 2015, Paul W Iii Geiger (Sr. Vice Pres. of Subsidiary) purchased 15,000 shares at $16.75 per share price. According to the SEC, on Jan 23, 2015, Terry W Rathert (director) purchased 5,000 shares at $23.00 per share price. On Jan 23, 2015, Steven L Mueller (CEO) purchased 15,000 shares at $23.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses which it refer to as Midstream Services. The Company conducts its business through subsidiaries. The Companys operations are focused within the United States on development of two natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on a natural gas reservoir Fayetteville Shale and its operations in northeast Pennsylvania are focused on the natural gas reservoir Marcellus Shale. The Company engages in natural gas gathering activities in Arkansas Texas Louisiana Pennsylvania and West Virginia.