King Luther Capital Management Corp Acquires New Shares in Southwestern Energy (NYSE:SWN)

King Luther Capital Management Corp bought a new position in Southwestern Energy (NYSE:SWN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 117,626 shares of the energy company’s stock, valued at approximately $792,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Fruth Investment Management raised 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 valued at $92,000 after purchasing an additional 1,536 shares during the last quarter. Joule Financial LLC raised its stake in Southwestern Energy by 3.4% during the 2nd quarter. Joule Financial LLC now owns 55,421 shares of the energy company’s stock valued at $373,000 after buying an additional 1,806 shares during the last quarter. Confluence Investment Management LLC raised its stake in Southwestern Energy by 2.1% during the 2nd quarter. Confluence Investment Management LLC now owns 88,912 shares of the energy company’s stock valued at $598,000 after buying an additional 1,825 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Southwestern Energy by 0.4% during the 2nd quarter. TD Asset Management Inc now owns 590,130 shares of the energy company’s stock valued at $3,972,000 after buying an additional 2,130 shares during the period. Finally, CWM LLC boosted its stake in shares of Southwestern Energy by 17.8% in the 1st quarter. CWM LLC now owns 15,136 shares of the energy company’s stock worth $115,000 after buying an additional 2,289 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com assumed coverage on Southwestern Energy in a report on Wednesday, September 11th. They issued a “sell” rating on the stock. Wolfe Research began coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Piper Sandler dropped their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Scotiabank reduced their target price 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. Finally, Susquehanna dropped their price target on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.56.

Southwestern Energy Stock Up 2.4 %

Shares of SWN stock opened at $6.72 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. The company’s fifty day moving average price is $6.32 and its 200-day moving average price is $6.91. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of -3.86 and a beta of 1.12. Southwestern Energy has a one year low of $5.85 and a one year high of $7.80.

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. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company earned $0.09 EPS. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. Sell-side analysts expect that Southwestern Energy will post 0.57 EPS 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.