Piper Sandler Maintains Overweight Rating for Southwestern Energy: Here's What You Need To Know

Piper Sandler has decided to maintain its Overweight rating of Southwestern Energy SWN and lower its price target from $9.00 to $8.00.

Shares of Southwestern Energy are trading down 1.76% over the last 24 hours, at $5.03 per share.

A move to $8.00 would account for a 59.05% increase from the current share price.

About Southwestern Energy

Southwestern Energy Co is a us-based independent energy company. It is engaged in exploration, development and production activities, including related natural gas gathering and marketing. The company principally carries its business activities in the United States. The operating segments of the company are the Exploration and Production and Marketing segment. Its Exploration and Production segment is the key revenue driver for the company which includes the revenue derived from the production and sale of natural gas and liquids. The Marketing segment generates revenue through the marketing of both the company and third-party produced natural gas and liquids volumes and through gathering fees associated with the transportation of natural gas to market.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.