Southwestern Energy (SWN) Shares Down 5.3%

Southwestern Energy (NYSE:SWN) shares dropped 5.3% during mid-day trading on Thursday . The stock traded as low as $5.40 and last traded at $5.41. Approximately 30,518,301 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 24,432,758 shares. The stock had previously closed at $5.71.

SWN has been the subject of several recent analyst reports. KeyCorp reiterated a “hold” rating on shares of Southwestern Energy in a report on Friday, November 10th. Credit Suisse Group initiated coverage on shares of Southwestern Energy in a report on Monday, December 11th. They issued a “neutral” rating and a $6.00 price objective for the company. Scotiabank set a $8.00 price objective on shares of Southwestern Energy and gave the company a “hold” rating in a report on Saturday, October 21st. Barclays decreased their price objective on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.95.

The company has a market cap of $2,830.00, a P/E ratio of 8.90 and a beta of 1.23. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Southwestern Energy had a net margin of 10.45% and a return on equity of 10.70%. The business had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. During the same period in the prior year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. equities analysts predict that Southwestern Energy will post 0.44 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Shell Asset Management Co. acquired a new stake in Southwestern Energy during the third quarter valued at approximately $1,880,000. Brookfield Asset Management Inc. acquired a new stake in Southwestern Energy during the second quarter valued at approximately $3,040,000. Ameriprise Financial Inc. lifted its stake in Southwestern Energy by 85.6% during the second quarter. Ameriprise Financial Inc. now owns 1,570,697 shares of the energy company’s stock valued at $9,550,000 after purchasing an additional 724,639 shares during the last quarter. Bridgewater Associates LP lifted its stake in Southwestern Energy by 117.5% during the second quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock valued at $50,068,000 after purchasing an additional 4,449,396 shares during the last quarter. Finally, Icon Advisers Inc. Co. lifted its stake in Southwestern Energy by 19.9% during the second quarter. Icon Advisers Inc. Co. now owns 903,900 shares of the energy company’s stock valued at $5,496,000 after purchasing an additional 150,200 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

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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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