Stoneridge Investment Partners LLC decreased its stake in Southwestern Energy Company (NYSE:SWN) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 452,847 shares of the energy company’s stock after selling 25,472 shares during the period. Stoneridge Investment Partners LLC’s holdings in Southwestern Energy were worth $2,753,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of SWN. Cleararc Capital Inc. increased its position in shares of Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after buying an additional 261 shares during the last quarter. Financial Counselors Inc. acquired a new position in shares of Southwestern Energy during the first quarter valued at approximately $101,000. Tudor Investment Corp ET AL acquired a new position in shares of Southwestern Energy during the first quarter valued at approximately $102,000. Pinnacle Associates Ltd. acquired a new position in shares of Southwestern Energy during the first quarter valued at approximately $103,000. Finally, Macquarie Group Ltd. increased its position in shares of Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock valued at $107,000 after buying an additional 2,000 shares during the last quarter. 93.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Southwestern Energy Company (NYSE:SWN) opened at 5.27 on Thursday. Southwestern Energy Company has a one year low of $5.00 and a one year high of $15.59. The company has a 50-day moving average price of $5.76 and a 200 day moving average price of $7.18. The company’s market capitalization is $2.61 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. The company had revenue of $811 million for the quarter, compared to analysts’ expectations of $810 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The firm’s quarterly revenue was up 55.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.09) EPS. Equities analysts anticipate that Southwestern Energy Company will post $0.58 EPS for the current year.
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Several research analysts have commented on SWN shares. Citigroup Inc. lowered their target price on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Cowen and Company set a $9.00 target price on Southwestern Energy and gave the stock a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and set a $8.00 target price on shares of Southwestern Energy in a research note on Tuesday, June 27th. National Securities reissued a “buy” rating and set a $14.00 target price on shares of Southwestern Energy in a research note on Monday, May 1st. Finally, Barclays PLC reissued an “equal weight” rating and set a $9.00 target price (down previously from $10.00) on shares of Southwestern Energy in a research note on Saturday, April 22nd. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Southwestern Energy presently has an average rating of “Hold” and a consensus target price of $12.55.
Southwestern Energy Company Profile
Southwestern Energy Company is an 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 in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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