Southwestern Energy Company (SWN) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their Clients and Investors in a research report released on Mar 15, 2017.
Based on several research reports , Southwestern Energy Company was Upgraded by Citigroup to ” Buy” on Mar 15, 2017. Southwestern Energy Company was Upgraded by Jefferies to ” Hold” on Mar 3, 2017. Southwestern Energy Company was Upgraded by Jefferies to ” Hold” on Mar 3, 2017. Southwestern Energy Company was Downgraded by Bernstein to ” Mkt Perform” on Feb 28, 2017. Barclays Upgraded Southwestern Energy Company on Jan 23, 2017 to ” Equal Weight”, Price Target of the shares are set at $11.
Several company insiders have filed Insider transactions , on Dec 13, 2016, Jennifer N. Mccauley (SVP – Administration) sold 3,611 shares at $12.61 per share price. According to the SEC, on Dec 6, 2016, Robert Craig Owen (Senior Vice President & CFO) sold 37,500 shares at $12.22 per share price. On Sep 21, 2016, Gregory D Kerley (director) sold 12,000 shares at $14.34 per share price, according to the Form-4 filing with the securities and exchange commission.
On the company’s financial health, Southwestern Energy Company reported $0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Feb 23, 2017. Analyst had a consensus of $0.13. The company had revenue of $684.00 million for the quarter, compared to analysts expectations of $683.03 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.02 EPS.
Southwestern Energy Company opened for trading at $7.66 and hit $7.88 on the upside on Wednesday, eventually ending the session at $7.81, with a gain of 5.83% or 0.43 points. The heightened volatility saw the trading volume jump to 1,35,88,928 shares. Company has a market cap of $3,889 M.
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.