Fintel reports that on August 23, 2023, Goldman Sachs maintained coverage of Southwestern Energy (NYSE:SWN) with a Sell recommendation.
Analyst Price Forecast Suggests 22.18% Upside
As of August 2, 2023, the average one-year price target for Southwestern Energy is 7.94. The forecasts range from a low of 5.05 to a high of $14.70. The average price target represents an increase of 22.18% from its latest reported closing price of 6.50.
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The projected annual revenue for Southwestern Energy is 8,343MM, a decrease of 26.22%. The projected annual non-GAAP EPS is 2.10.
What is the Fund Sentiment?
There are 913 funds or institutions reporting positions in Southwestern Energy. This is an increase of 6 owner(s) or 0.66% in the last quarter. Average portfolio weight of all funds dedicated to SWN is 0.37%, an increase of 16.40%. Total shares owned by institutions increased in the last three months by 7.73% to 1,112,993K shares. 
The put/call ratio of SWN is 0.41, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 56,663K shares representing 5.15% ownership of the company. In it's prior filing, the firm reported owning 21,735K shares, representing an increase of 61.64%. The firm increased its portfolio allocation in SWN by 190.12% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 34,046K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 34,080K shares, representing a decrease of 0.10%. The firm decreased its portfolio allocation in SWN by 18.28% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 34,017K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 33,471K shares, representing an increase of 1.61%. The firm decreased its portfolio allocation in SWN by 19.79% over the last quarter.
D. E. Shaw holds 29,472K shares representing 2.68% ownership of the company. In it's prior filing, the firm reported owning 31,125K shares, representing a decrease of 5.61%. The firm increased its portfolio allocation in SWN by 37.92% over the last quarter.
Disciplined Growth Investors holds 29,158K shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 29,104K shares, representing an increase of 0.18%. The firm increased its portfolio allocation in SWN by 5.89% over the last quarter.
Southwestern Energy Background Information
(This description is provided by the company.)
Southwestern Energy Company is an independent energy company engaged in natural gas, natural gas liquids and oil exploration, development, production and marketing.
Additional reading:
- SOUTHWESTERN ENERGY ANNOUNCES SECOND QUARTER 2023 RESULTS Reduces full-year capital investment guidance ~10%
- SOUTHWESTERN ENERGY COMPANY 2022 INCENTIVE PLAN DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT
- SOUTHWESTERN ENERGY COMPANY 2022 INCENTIVE PLAN DIRECTOR RESTRICTED STOCK AWARD AGREEMENT
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