Southwestern Energy Company (SWN): Price Target and June Short Interest Disclosure

Southwestern Energy Company (SWN) stock is expected to deviate a maximum of $2.89 from the average target price of $11.57 for the short term period. 21 Street Experts have initiated coverage on the stock with the most promising target being $17 and the most muted being $5.

Southwestern Energy Company (SWN) stated loss of 1,108,694 shares or 1.5% in the short interest. The short interest registered from 76,372,877 on June 15,2016 to 75,264,183 on June 30,2016. In terms of floated shares, the shorted positions stood at 19.3%. The stock has been averaging 22,076,499 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Raymond James downgrades its ratings on Southwestern Energy Company (NYSE:SWN). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 5, 2016.


Southwestern Energy Company (NYSE:SWN): On Thursdays trading session , Opening price of the stock was $14.24 with an intraday high of $14.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.42. However, the stock managed to close at $13.47, a loss of 3.51% for the day. On the previous day, the stock had closed at $13.96. The total traded volume of the day was 9,969,195 shares.

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.

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