Southwestern Energy (NYSE:SWN) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lowered its position in Southwestern Energy (NYSE:SWN) by 62.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 90,422 shares of the energy company’s stock after selling 149,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in Southwestern Energy were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SWN. GAMMA Investing LLC acquired a new stake in shares of Southwestern Energy during the 4th quarter valued at approximately $79,000. Parkside Financial Bank & Trust lifted its position in shares of Southwestern Energy by 481.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after acquiring an additional 3,854 shares during the period. Lindbrook Capital LLC lifted its position in shares of Southwestern Energy by 30.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,564 shares during the period. Oakworth Capital Inc. acquired a new stake in shares of Southwestern Energy during the 4th quarter valued at approximately $184,000. Finally, Peirce Capital Management LLC acquired a new stake in shares of Southwestern Energy during the 4th quarter valued at approximately $148,000. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Stock Performance

NYSE:SWN opened at $7.71 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 5.47 and a beta of 1.12. The firm’s fifty day simple moving average is $7.24 and its 200 day simple moving average is $6.86. Southwestern Energy has a twelve month low of $4.57 and a twelve month high of $7.73.

Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.29 billion. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The business’s quarterly revenue was down 49.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. As a group, equities research analysts expect that Southwestern Energy will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Seaport Res Ptn cut shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Citigroup lifted their target price on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research note on Friday, January 12th. Susquehanna lifted their target price on shares of Southwestern Energy from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. UBS Group lifted their target price on shares of Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Finally, Mizuho raised shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $6.00 to $9.00 in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.14.

About Southwestern Energy

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, West Virginia, Ohio, and Louisiana.