Southwestern Energy (SWN) Shares Gap Down to $5.86

Southwestern Energy (NYSE:SWN) gapped down prior to trading on Friday . The stock had previously closed at $5.99, but opened at $5.86. Southwestern Energy shares last traded at $5.59, with a volume of 21591025 shares trading hands.

SWN has been the subject of a number of recent research reports. Cowen reissued a “buy” rating and issued a $9.00 target price on shares of Southwestern Energy in a research report on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Southwestern Energy in a research note on Thursday, September 14th. Piper Jaffray Companies dropped their price target on Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. Wolfe Research raised Southwestern Energy from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $6.00 to $7.00 in a research note on Wednesday, September 20th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $8.00 price target on shares of Southwestern Energy in a research note on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Southwestern Energy currently has an average rating of “Hold” and a consensus target price of $8.89.

The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $2,860.00, a P/E ratio of 9.02 and a beta of 1.23.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The business had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. research analysts anticipate that Southwestern Energy will post 0.44 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of SWN. Schwab Charles Investment Management Inc. raised its stake in Southwestern Energy by 26.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,038,414 shares of the energy company’s stock worth $18,474,000 after acquiring an additional 635,222 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Southwestern Energy by 27.1% during the second quarter. Bank of New York Mellon Corp now owns 5,769,507 shares of the energy company’s stock worth $35,078,000 after acquiring an additional 1,231,562 shares in the last quarter. Comerica Bank raised its stake in Southwestern Energy by 179.4% during the second quarter. Comerica Bank now owns 426,455 shares of the energy company’s stock worth $2,405,000 after acquiring an additional 273,824 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Southwestern Energy by 8.1% during the second quarter. State Board of Administration of Florida Retirement System now owns 694,414 shares of the energy company’s stock worth $4,222,000 after acquiring an additional 52,009 shares in the last quarter. Finally, Federated Investors Inc. PA raised its stake in Southwestern Energy by 5,800.1% during the second quarter. Federated Investors Inc. PA now owns 312,116 shares of the energy company’s stock worth $1,898,000 after acquiring an additional 306,826 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

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About Southwestern Energy

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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