Hsbc Holdings PLC Has $3.75 Million Stock Position in Southwestern Energy (NYSE:SWN)

Hsbc Holdings PLC lifted its stake in Southwestern Energy (NYSE:SWN) by 29.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 556,440 shares of the energy company’s stock after purchasing an additional 126,413 shares during the period. Hsbc Holdings PLC owned 0.05% of Southwestern Energy worth $3,745,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Fruth Investment Management increased its position in shares of Southwestern Energy by 14.4% in the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock valued at $92,000 after acquiring an additional 1,536 shares during the last quarter. Joule Financial LLC boosted its stake in shares of 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 buying an additional 1,806 shares during the period. Confluence Investment Management LLC boosted its stake in shares of 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 buying an additional 1,825 shares during the period. TD Asset Management Inc boosted its stake in shares of Southwestern Energy by 0.4% in the second 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 lifted its stake in Southwestern Energy by 17.8% during the first quarter. CWM LLC now owns 15,136 shares of the energy company’s stock worth $115,000 after purchasing an additional 2,289 shares during the last quarter. 86.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Scotiabank decreased their price target on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Tuesday, August 20th. StockNews.com began coverage on Southwestern Energy in a report on Wednesday, September 11th. They set a “sell” rating for the company. Wolfe Research began coverage on shares of Southwestern Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Susquehanna cut their price objective 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $8.56.

Southwestern Energy Stock Performance

Southwestern Energy stock opened at $6.88 on Wednesday. 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 company has a market capitalization of $7.58 billion, a PE ratio of -3.95 and a beta of 1.12. The firm has a fifty day simple moving average of $6.32 and a two-hundred day simple moving average of $6.91. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share 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 firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. Research analysts expect that Southwestern Energy will post 0.57 EPS for the current 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.