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.
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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