Southwestern Energy (SWN) Sees Significant Decrease in Short Interest
Southwestern Energy (NYSE:SWN) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 40,875,713 shares, a decrease of 30.6% from the January 12th total of 58,915,414 shares. Based on an average trading volume of 33,114,416 shares, the short-interest ratio is presently 1.2 days. Approximately 8.0% of the shares of the stock are short sold.
A number of brokerages have weighed in on SWN. Cowen set a $5.00 price target on Southwestern Energy and gave the company a “buy” rating in a research report on Thursday, February 8th. Credit Suisse Group lowered their price target on Southwestern Energy from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday. Royal Bank of Canada set a $6.00 price target on Southwestern Energy and gave the company a “hold” rating in a research report on Thursday, February 8th. Ladenburg Thalmann Financial Services cut Southwestern Energy from a “buy” rating to a “neutral” rating and set a $4.00 target price on the stock. in a report on Friday. Finally, B. Riley upgraded Southwestern Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $5.00 to $5.85 in a report on Friday. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $8.14.
Southwestern Energy (SWN) opened at $3.65 on Tuesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88. Southwestern Energy has a one year low of $3.42 and a one year high of $9.14. The stock has a market capitalization of $1,870.00, a price-to-earnings ratio of 5.89 and a beta of 0.96.
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About Southwestern Energy
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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