Algert Global LLC Lowers Holdings in Southwestern Energy (NYSE:SWN)

Algert Global LLC lowered its holdings in Southwestern Energy (NYSE:SWN) by 67.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,934 shares of the energy company’s stock after selling 229,842 shares during the quarter. Algert Global LLC’s holdings in Southwestern Energy were worth $747,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Rise Advisors LLC acquired a new stake in shares of Southwestern Energy during the 1st quarter worth about $25,000. Larson Financial Group LLC increased its position in shares of Southwestern Energy by 4,752.1% during the second quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock valued at $40,000 after acquiring an additional 5,750 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Southwestern Energy in the 1st quarter valued at approximately $43,000. Choreo LLC acquired a new position in shares of Southwestern Energy in the 2nd quarter worth approximately $69,000. Finally, Payden & Rygel Investment Group purchased a new position in shares of Southwestern Energy during the 1st quarter worth approximately $75,000. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Price Performance

Shares of SWN opened at $7.11 on Friday. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of -4.09 and a beta of 1.12. The firm’s fifty day simple moving average is $6.40 and its 200-day simple moving average is $6.91.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data 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. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $0.09 EPS. The company’s revenue was down 14.7% compared to the same quarter last year. Equities analysts forecast that Southwestern Energy will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com initiated coverage on Southwestern Energy in a research report on Wednesday, September 11th. They issued a “sell” rating on the stock. UBS Group cut their price objective on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Susquehanna lowered their target price on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Monday, August 19th. Wolfe Research assumed coverage on Southwestern Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Scotiabank reduced their price target on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.98.

About Southwestern Energy

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.