Downgrade Alert for Southwestern Energy (SWN)
Southwestern Energy (NYSE:SWN) was downgraded from Buy to Hold at Dahlman Rose today. The stock closed yesterday at $34.34 on volume of 4.6 million shares, above average daily volume of 3.7 million.
Southwestern Energy Company is an independent energy company primarily focused on natural gas and crude oil exploration, development and production (E&P) within the United States. The Company operations also include natural gas gathering, transmission, and marketing, as well as natural gas distribution.
Southwestern Energy (NYSE:SWN) has potential upside of 11.8% based on a current price of $34.34 and analysts' consensus price target of $38.40. The stock should hit resistance at its 50-day moving average (MA) of $34.52, as well as support at its 200-day MA of $32.10.
In the past 52 weeks, Southwestern Energy share prices have been bracketed by a low of $25.63 and a high of $36.87 and closed yesterday at $34.34, 34% above that low price. The 200-day and 50-day moving averages have moved 0.02% lower and 0.51% lower over the past week, respectively.
SmarTrend is tracking the current trend status for Southwestern Energy and will alert subscribers who have SWN in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades southwestern energy
Ticker(s): SWN