Federated Hermes Inc. Sells 5,305 Shares of Southwestern Energy (NYSE:SWN)

Federated Hermes Inc. lessened its stake in shares of Southwestern Energy (NYSE:SWN) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,698 shares of the energy company’s stock after selling 5,305 shares during the quarter. Federated Hermes Inc.’s holdings in Southwestern Energy were worth $920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC boosted its stake in shares of Southwestern Energy by 43.1% in the 2nd quarter. Headlands Technologies LLC now owns 21,492 shares of the energy company’s stock worth $145,000 after buying an additional 6,472 shares during the last quarter. Cowen AND Company LLC bought a new position in Southwestern Energy in the second quarter valued at about $673,000. Choreo LLC bought a new stake in shares of Southwestern Energy during the 2nd quarter valued at about $69,000. Trium Capital LLP purchased a new stake in shares of Southwestern Energy during the 2nd quarter valued at about $1,087,000. Finally, New York Life Investment Management LLC bought a new position in shares of Southwestern Energy in the 2nd quarter worth approximately $6,899,000. Institutional investors own 86.97% of the company’s stock.

Analyst Upgrades and Downgrades

SWN has been the subject of several recent research reports. Susquehanna cut their target price on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Monday, August 19th. StockNews.com started coverage on shares of Southwestern Energy in a research report on Wednesday, September 11th. They set a “sell” rating for the company. Scotiabank decreased their target price on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Wolfe Research assumed coverage on Southwestern Energy in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, UBS Group reduced their price target on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $8.56.

Southwestern Energy Stock Up 2.4 %

Shares of SWN opened at $6.72 on Friday. The business’s 50 day moving average is $6.32 and its 200 day moving average is $6.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80. The company has a market capitalization of $7.41 billion, a PE ratio of -3.86 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Research analysts expect that Southwestern Energy will post 0.57 earnings per share for the current fiscal year.

Southwestern Energy 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.