Southwestern Energy (NYSE:SWN) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its position in Southwestern Energy (NYSE:SWN) by 45.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 250,000 shares of the energy company’s stock after selling 205,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Southwestern Energy were worth $1,682,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in Southwestern Energy in the 1st quarter worth approximately $25,000. Pingora Partners LLC purchased a new position in Southwestern Energy in the 4th quarter worth approximately $30,000. Larson Financial Group LLC lifted its stake in Southwestern Energy by 4,752.1% in the 2nd quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock worth $40,000 after purchasing an additional 5,750 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Southwestern Energy in the 1st quarter worth approximately $43,000. Finally, Choreo LLC purchased a new position in Southwestern Energy in the 2nd quarter worth approximately $69,000. 86.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SWN has been the topic of a number of research reports. Scotiabank decreased their target price on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. Susquehanna reduced 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 report on Monday, August 19th. Piper Sandler reduced their price target on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. UBS Group reduced their price target on shares of Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Finally, Wolfe Research started coverage on shares of Southwestern Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.56.

Southwestern Energy Stock Up 2.4 %

Shares of NYSE SWN opened at $6.88 on Tuesday. The business’s 50 day moving average is $6.32 and its two-hundred day moving average is $6.91. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of -3.95 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. Southwestern Energy has a 52-week low of $5.85 and a 52-week high of $7.80.

Southwestern Energy (NYSE:SWN) last posted its quarterly 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 business had revenue of $1.08 billion during 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 posted $0.09 earnings per share. Research analysts predict that Southwestern Energy will post 0.57 EPS for the current 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.