Downgrade Alert for Southwestern Energy (SWN)
Southwestern Energy (NYSE:SWN) was downgraded from Outperform to Market Perform at BMO Capital today. The stock closed yesterday at $36.95 on volume of 1.9 million shares, below average daily volume of 2.8 million.
Southwestern Energy has overhead space with shares priced $36.95, or 9.6% below the average consensus analyst price target of $40.88. Southwestern Energy shares should encounter resistance at the 50-day moving average (MA) of $37.81 and support at its 200-day MA of $36.13.
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 share prices have moved between a 52-week high of $40.34 and a 52-week low of $30.29 and closed yesterday at 22% above that low price at $36.95 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.
SmarTrend is monitoring the recent change of momentum in Southwestern Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Southwestern Energy in search of a potential trend change.
Keywords: analyst upgrades/downgrades southwestern energy