Southwestern Energy (NYSE:SWN) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in Southwestern Energy (NYSE:SWN) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,708 shares of the energy company’s stock after purchasing an additional 2,839 shares during the period. Commonwealth Equity Services LLC’s holdings in Southwestern Energy were worth $893,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SWN. Fruth Investment Management boosted its holdings in shares of Southwestern Energy by 14.4% during the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock worth $92,000 after purchasing an additional 1,536 shares during the period. Joule Financial LLC lifted its stake in Southwestern Energy by 3.4% in the second quarter. Joule Financial LLC now owns 55,421 shares of the energy company’s stock valued at $373,000 after acquiring an additional 1,806 shares during the last quarter. Confluence Investment Management LLC lifted its stake in Southwestern Energy by 2.1% in the second quarter. Confluence Investment Management LLC now owns 88,912 shares of the energy company’s stock valued at $598,000 after acquiring an additional 1,825 shares during the last quarter. CWM LLC lifted its stake in Southwestern Energy by 17.8% in the first quarter. CWM LLC now owns 15,136 shares of the energy company’s stock valued at $115,000 after acquiring an additional 2,289 shares during the last quarter. Finally, Rise Advisors LLC acquired a new stake in Southwestern Energy in the first quarter valued at approximately $25,000. 86.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SWN. StockNews.com initiated coverage on shares of Southwestern Energy in a research note on Wednesday, September 11th. They issued a “sell” rating for the company. Piper Sandler decreased their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Scotiabank decreased their price objective on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Tuesday, August 20th. Wolfe Research initiated coverage on shares of Southwestern Energy in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Susquehanna decreased their price objective on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.50.

Southwestern Energy Stock Up 0.6 %

Shares of NYSE:SWN opened at $6.30 on Wednesday. Southwestern Energy has a 12 month low of $5.85 and a 12 month high of $7.80. The company’s 50-day moving average price is $6.36 and its two-hundred day moving average price is $6.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The firm has a market cap of $6.95 billion, a P/E ratio of -3.61 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. As a group, research analysts forecast that Southwestern Energy will post 0.61 EPS for the current fiscal year.

Southwestern Energy Company Profile

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.