Dallas, Texas 03/14/2014 (FINANCIALSTRENDS) – Southwestern Energy Company (NYSE:SWN) it appears is not getting its performance equations right, for analysts have revised the price target for this energy company.
In a research note, Sanford C. Bernstein has revised the price target for the company from the previous $46.00 to $44.00. Interestingly, the objective of the price revision is to see the upside in the potential, and post 3.31% increase over previous close.
Southwestern Energy Company(NYSE:SWN) was at close of previous trading session reported $42.945 stock price, which is 0.83% higher than previous. The market cap is $15.080 billion and the P/E is 21.30. The quarterly earnings result, which the company reported in the last week of February indicate that EPS is $0.54 and is higher than the consensus estimate which stands at $0.53. On the revenues scores, the company reported that the total was $49.37 million, while the consensus estimate is $865.53 million.
During the same period, the revenue of the company was 16.1%. This was considered to be anyear-on-year comparison. Southwestern Energy Company(NYSE:SWN), in the same quarter for the previous year, also noted that the earnings for a share are $0.44. The quarterly revenue was reportedly higher by 16.1% for the year-to-year basis. The average analysis which the company proposed was in the region of $2.19 earnings for the share for 2013.
Analyst view
Other analysts have also shared their research notes on this stock. KLR Group has raised the price target for the company from $43.00 to $50.00.
Robert W. Baird too raised the price target on the shares from $40.00 to $46.00. Besides, other analysts such as Ladenburg Thalmann have also revised the price target to $52.00 from $48.00.
The consensus rating for this company is Hold, while the price target consensus is $43.64. This energy company is engaged in developing, exploring as well as producing natural gas and oil.
