In a report issued on August 10, Dan McSpirit from BMO Capital reiterated a Buy rating on Southwestern Energy (NYSE: SWN), with a price target of $7. The company’s shares closed on Friday at $5.56.
According to TipRanks.com, McSpirit is a 3-star analyst with an average return of 3.6% and a 51.1% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Wildhorse Resource Development Corp, and HighPoint Resources Corporation.
Southwestern Energy has an analyst consensus of Hold, with a price target consensus of $6.19, representing an 11.3% upside. In a report issued on August 3, B.Riley FBR also reiterated a Buy rating on the stock with a $10 price target.
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Based on Southwestern Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $816 million and net profit of $51 million. In comparison, last year the company earned revenue of $811 million and had a net profit of $284 million.
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Southwestern Energy Co. is an independent holding company, which engages in the development and production activities including related natural gas gathering and marketing. It operates through the Exploration and Production (E&P); and Midstream Services segments.
