Southwestern Energy (SWN) Receives a Buy from B.Riley FBR

In a report released today, Rehan Rashid from B.Riley FBR maintained a Buy rating on Southwestern Energy (SWNResearch Report), with a price target of $6.50. The company’s shares opened today at $3.89.

According to TipRanks.com, Rashid ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.5% and a 41.5% success rate. Rashid covers the Basic Materials sector, focusing on stocks such as Lonestar Resources US, Gulfport Energy Corp, and Range Resources Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for Southwestern Energy with a $5.10 average price target.

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Based on Southwestern Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $990 million and net profit of $594 million. In comparison, last year the company earned revenue of $920 million and had a net profit of $208 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.

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