Southwestern Energy (SWN) Trading Down 7%

Southwestern Energy (NYSE:SWN) dropped 7% on Tuesday . The company traded as low as $4.26 and last traded at $4.27. Approximately 16,964,926 shares were traded during trading, a decline of 11% from the average daily volume of 19,150,256 shares. The stock had previously closed at $4.59.

SWN has been the subject of a number of recent research reports. B. Riley set a $7.00 price target on Southwestern Energy and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research reaffirmed a “buy” rating and set a $5.75 price target on shares of Southwestern Energy in a research note on Friday, November 16th. MKM Partners initiated coverage on Southwestern Energy in a research note on Wednesday, December 5th. They set a “buy” rating and a $6.00 price target for the company. Macquarie set a $7.00 price target on Southwestern Energy and gave the stock a “hold” rating in a research note on Wednesday, September 26th. Finally, Bank of America raised Southwestern Energy from an “underperform” rating to a “neutral” rating and set a $7.00 price target for the company in a research note on Tuesday, November 13th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $5.50.

The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.62. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 9.70 and a beta of 0.95.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, October 25th. The energy company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. Southwestern Energy had a return on equity of 22.07% and a net margin of 14.22%. The business had revenue of $951.00 million for the quarter, compared to the consensus estimate of $889.13 million. Equities analysts anticipate that Southwestern Energy will post 1.03 EPS for the current year.

In related news, SVP Jennifer N. Mccauley sold 10,850 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $5.88, for a total value of $63,798.00. Following the transaction, the senior vice president now directly owns 30,799 shares of the company’s stock, valued at approximately $181,098.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Peoples Financial Services CORP. increased its position in Southwestern Energy by 21.7% in the 4th quarter. Peoples Financial Services CORP. now owns 14,600 shares of the energy company’s stock worth $50,000 after buying an additional 2,600 shares during the period. B. Riley Wealth Management Inc. bought a new position in Southwestern Energy in the 3rd quarter worth approximately $88,000. Fox Run Management L.L.C. bought a new position in Southwestern Energy in the 3rd quarter worth approximately $101,000. FDx Advisors Inc. bought a new position in Southwestern Energy in the 3rd quarter worth approximately $107,000. Finally, Meeder Asset Management Inc. increased its position in Southwestern Energy by 31.2% in the 4th quarter. Meeder Asset Management Inc. now owns 38,837 shares of the energy company’s stock worth $133,000 after buying an additional 9,240 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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Southwestern Energy Company Profile (NYSE:SWN)

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.

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