SWN has been the topic of a number of other reports. GMP Securities initiated coverage on shares of Southwestern Energy in a report on Wednesday, September 28th. They set a hold rating and a $11.00 price objective on the stock. Mizuho assumed coverage on shares of Southwestern Energy in a research report on Wednesday, October 5th. They set a buy rating and a $20.00 target price for the company. Bank of America Corp. restated a hold rating on shares of Southwestern Energy in a research report on Thursday, June 30th. Zacks Investment Research upgraded shares of Southwestern Energy from a hold rating to a buy rating and set a $14.00 target price for the company in a research report on Monday, July 11th. Finally, Vetr upgraded shares of Southwestern Energy from a buy rating to a strong-buy rating and set a $14.64 target price for the company in a research report on Monday, June 27th. Five research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $12.66.
Shares of Southwestern Energy (NYSE:SWN) traded up 0.198% on Tuesday, hitting $12.665. The stock had a trading volume of 2,798,331 shares. Southwestern Energy has a 12 month low of $5.00 and a 12 month high of $15.59. The firm’s 50-day moving average price is $13.87 and its 200 day moving average price is $13.03. The firm’s market cap is $4.91 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $522 million for the quarter, compared to analyst estimates of $517.49 million. Southwestern Energy had a negative net margin of 220.65% and a negative return on equity of 1.99%. Analysts anticipate that Southwestern Energy will post $0.04 EPS for the current fiscal year.
In other news, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total value of $172,080.00. Following the completion of the sale, the director now owns 312,064 shares of the company’s stock, valued at approximately $4,474,997.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.16% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors boosted its stake in Southwestern Energy by 25.7% in the second quarter. Capital Research Global Investors now owns 55,881,426 shares of the energy company’s stock valued at $702,988,000 after buying an additional 11,428,991 shares during the period. Vanguard Group Inc. raised its position in shares of Southwestern Energy by 23.2% in the second quarter. Vanguard Group Inc. now owns 43,459,895 shares of the energy company’s stock valued at $546,724,000 after buying an additional 8,190,765 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Southwestern Energy during the second quarter valued at approximately $91,593,000. Senator Investment Group LP bought a new position in shares of Southwestern Energy during the second quarter valued at approximately $88,060,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Southwestern Energy during the second quarter valued at approximately $59,398,000. 98.77% of the stock is owned by institutional investors and hedge funds.
Southwestern Energy Company Profile
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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