GAMMA Investing LLC Sells 2,821 Shares of Southwestern Energy (NYSE:SWN)

GAMMA Investing LLC trimmed its holdings in shares of Southwestern Energy (NYSE:SWN) by 23.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,399 shares of the energy company’s stock after selling 2,821 shares during the period. GAMMA Investing LLC’s holdings in Southwestern Energy were worth $67,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in Southwestern Energy by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after buying an additional 4,968,002 shares in the last quarter. Maven Securities LTD acquired a new stake in Southwestern Energy in the 2nd quarter valued at $756,000. Quantbot Technologies LP bought a new stake in Southwestern Energy during the 1st quarter valued at $583,000. Gamco Investors INC. ET AL acquired a new position in Southwestern Energy during the first quarter worth $152,000. Finally, Wedmont Private Capital lifted its stake in shares of Southwestern Energy by 56.4% in the first quarter. Wedmont Private Capital now owns 27,330 shares of the energy company’s stock valued at $206,000 after buying an additional 9,861 shares in the last quarter. 86.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com started coverage on shares of Southwestern Energy in a report on Thursday, October 10th. They issued a “sell” rating on the stock. Wolfe Research began coverage on shares of Southwestern Energy in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Piper Sandler lowered their target price on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Scotiabank reduced their price objective on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 20th. Finally, UBS Group dropped their target price 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.98.

Southwestern Energy Stock Performance

NYSE:SWN opened at $7.11 on Wednesday. The company has a market capitalization of $7.84 billion, a P/E ratio of -4.09 and a beta of 1.12. The business has a fifty day simple moving average of $6.52 and a two-hundred day simple moving average of $6.89. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. Southwestern Energy has a 1 year low of $5.85 and a 1 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 analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. On average, analysts expect that Southwestern Energy will post 0.56 earnings per share 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.