Citigroup Upgrades Southwestern Energy Company to Buy

Brokerage firm Citigroup Upgrades its rating on Southwestern Energy Company(SWN). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Citigroup was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 3, 2017, Jefferies said it Upgrades its rating on Southwestern Energy Company. In the research note, the firm Announces the price-target to $8 per share. The shares have been rated ‘Hold’ by the firm. On Jan 23, 2017, Barclays said it Upgrades its rating on Southwestern Energy Company. The shares have been rated ‘Equal-Weight’ by the firm. On Jan 19, 2017, UBS said it Upgrades its rating on Southwestern Energy Company. The shares have been rated ‘Neutral’ by the firm.

Southwestern Energy Company (SWN) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -1.55% at a volume of 1,56,11,936. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.84. The peak price level was also seen at $7.84 while the days lowest was $7.55. Finally the shares closed at $7.63. The 52-week high of the shares is $15.59 while the 52-week low is $7.02. According to the latest information available, the market cap of the company is $3,799 M.

Southwestern Energy Company(SWN) last announced its earnings results on Feb 23, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $684.000M. Analysts had an estimated revenue of $645.550M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.12.

Several Insider Transactions has been reported to the SEC. On Dec 13, 2016, Jennifer N. Mccauley (SVP – Administration) sold 3,611 shares at $12.61 per share price.Also, 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.

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 Company’s 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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