Southwestern Energy (NYSE:SWN) Trading Down 6.2%

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Southwestern Energy (NYSE:SWN)’s stock price dropped 6.2% during mid-day trading on Thursday . The company traded as low as $4.41 and last traded at $4.41. Approximately 118,560 shares were traded during trading, a decline of 99% from the average daily volume of 19,697,629 shares. The stock had previously closed at $4.70.

SWN has been the topic of a number of research analyst reports. Smith Barney Citigroup initiated coverage on Southwestern Energy in a report on Thursday, December 17th. They set a “neutral” rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on Southwestern Energy from $3.50 to $4.75 in a report on Tuesday, March 23rd. Tudor Pickering raised Southwestern Energy from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Tuesday, January 12th. US Capital Advisors raised Southwestern Energy from a “hold” rating to an “overweight” rating in a report on Friday, March 12th. Finally, Morgan Stanley boosted their target price on shares of Southwestern Energy from $4.00 to $4.50 and gave the company an “equal weight” rating in a research report on Wednesday, March 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Southwestern Energy has a consensus rating of “Hold” and an average price target of $3.70.

The firm’s fifty day moving average price is $4.38 and its 200 day moving average price is $3.46. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 6.38. The stock has a market cap of $2.89 billion, a PE ratio of -0.81 and a beta of 1.53.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, February 25th. The energy company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. Southwestern Energy had a negative net margin of 127.97% and a positive return on equity of 13.06%. The firm had revenue of $779.00 million for the quarter, compared to the consensus estimate of $754.05 million. As a group, analysts anticipate that Southwestern Energy will post 0.32 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in SWN. EnCap Energy Capital Fund IX L.P. purchased a new stake in Southwestern Energy during the fourth quarter valued at $41,018,000. BlackRock Inc. raised its stake in Southwestern Energy by 8.8% during the fourth quarter. BlackRock Inc. now owns 100,016,916 shares of the energy company’s stock valued at $298,050,000 after purchasing an additional 8,105,964 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Southwestern Energy during the third quarter valued at $10,357,000. Western Asset Management Company LLC purchased a new stake in Southwestern Energy during the fourth quarter valued at $4,533,000. Finally, Artemis Investment Management LLP purchased a new stake in Southwestern Energy during the fourth quarter valued at $3,477,000. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

About Southwestern Energy (NYSE:SWN)

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments: Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, Ohio, and West Virginia.

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