A statement released earlier today by GMP Securities about Southwestern Energy Company (NYSE:SWN) ups the target price to $11.00
- Updated: October 2, 2016
Yesterday Southwestern Energy Company (NYSE:SWN) traded 4.85% higher at $13.13. SWN’s 50-day average is $14.06 and its two hundred day average is $12.54. With the last stock price close up 10.34% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 12,671,134 shares of SWN traded hands, up from an average trading volume of 12,421,900
Stating a possible downside of -0.16%, GMP Securities upped the price target of Southwestern Energy Company (NYSE:SWN) to $11.00
Previously on 7/25/2016, Barclays Capital reported on Southwestern Energy Company (NYSE:SWN) raised the target price from $8.00 to $14.00. At the time, this indicated a possible downside of -0.04%.
Recent Performance Chart
Southwestern Energy Company has 52 week low of $5.00 and a 52 week high of $15.59 and has a market capitalization of $0.
In addition to GMP Securities reporting its stock price target, a total of 34 brokerages have issued a ratings update on the company. The average stock price target is $10.60 with 2 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 25 brokerages rating the stock a hold, 7 brokerages rating the stock a underperform, and finally 3 brokerages rating the stock a sell.
Brief Synopsis On Southwestern Energy Company (NYSE:SWN)
Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas. Its operations in northeast Pennsylvania are focused on the unconventional natural gas reservoir known as the Marcellus Shale. Its operations in West Virginia are also focused on the Utica and the Upper Devonian unconventional natural gas and oil reservoirs (Southwest Appalachia). Its operations in Arkansas are primarily focused on an unconventional natural gas reservoir known as the Fayetteville Shale. It has exploration and production activities in Colorado and Louisiana along with other areas. Through its affiliated midstream subsidiaries, it is engaged in natural gas gathering activities in Arkansas and Louisiana.
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