Southwestern Energy Company (SWN) was Reiterated by Scotia Howard Weil to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $13 . Scotia Howard Weil advised their investors in a research report released on Jul 25, 2016.
Many Wall Street Analysts have commented on Southwestern Energy Company. Southwestern Energy Company was Upgraded by National Securities to ” Buy” on Jul 25, 2016. Company shares were Reiterated by Barclays on Jul 25, 2016 to “Underweight”, Firm has raised the Price Target to $ 14 from a previous price target of $8 .Southwestern Energy Company was Upgraded by JP Morgan to ” Neutral” on Jul 22, 2016.
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 closed down -0.1 points or -0.75% at $13.29 with 1,51,58,454 shares getting traded on Wednesday. Post opening the session at $13.18, the shares hit an intraday low of $12.54 and an intraday high of $13.495 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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, John C. Ale (SR. VP AND GENERAL COUNSEL) purchased 2,000 shares at $23.00 per share price. On Jan 23, 2015, Terry W Rathert (director) purchased 5,000 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.