$SWN Stock Price Analysis After Raymond James Outlook Update

Earlier this week, Raymond James downgraded its outlook for $SWN stock.
$SWN noted a dip of 2.59% in one-week.

Southwestern Energy Co. (NYSE:SWN) is a holding company. It engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). The company was founded in 1929 and is headquartered in Spring, TX.

$SWN Price Analysis and Financials

Earlier this week $SWN opened at the price of $5.30 and gave its one-week high at $5.39. Yesterday it closed at $5.26 with almost 3.14% of increase. However the stock is down almost 8% in one-month. In the six month time-frame, $SWN noted a dip of almost 29.59%, according to data sourced from Tradingview.

SWN has a current market cap of $5.628 Billion. Its next earnings date is February 23rd, 2023, the estimation is $0.26. The total revenue of SWN for the last quarter is $4.54 Billion, and it is 9.74% higher compared to the previous quarter. The net income of Q3 22 is $450 Million.

The earnings of SWN for the last quarter are $0.32 whereas the estimation was $0.30 which accounts for 5.82% surprise. The company revenue for the same period amounts to $4.54 despite the estimated figure of $2.49 Billion. The estimated earnings for the next quarter are $0.26, and revenue is expected to reach $2.25 Billion.

SWN forecast and price target

Raymond James (NYSE:RJF) recently downgraded its outlook for Southwestern Energy Co. Raymond James priorly added that $SWN would “outperform,” which then changed to “market perform.” This clearly signaled about the downgrade action.

According to Fintel, Raymond James made an outlook on January 26th, 2023 that SWN would “outperform,” then on February 6th, 2023 it downgraded its outlook from “outperform” to “market perform.”

Besides Raymond James, Goldman Sachs, Morgan Stanley, and Benchmark also shared their analysis on SWN. Goldman Sachs maintains its outlook that is “neutral,” while Morgan Stanley also maintains its outlook, but with “equal-weight.” Late in January, Benchmark also downgraded its outlook for SWN from “buy” to “hold.”

Fintel forecast is projecting SWN stock price $9.07 with an increase of around 72% by February 9th, 2024. Its estimated quarterly revenue by December 31st, 2024, is 2,175 MM, with a decrease of 52.10%.

Besides SWN, three other domestic reliable natural stocks are Devon (NYSE:DVN,) Antero Resources (NYSE:AR,) and EQT Corporation (NYSE:EQT.) However, the natural gas prices have been falling due to the warm weather in Europe and the United States. Still the prices of commodities are quite volatile.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading stocks comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing