Aristeia Capital L.L.C. Invests $655,000 in Southwestern Energy (NYSE:SWN)

Aristeia Capital L.L.C. purchased a new stake in shares of Southwestern Energy (NYSE:SWN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 97,362 shares of the energy company’s stock, valued at approximately $655,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in shares of Southwestern Energy during the second quarter valued at approximately $3,440,000. Marshall Wace LLP grew its position in Southwestern Energy by 4,786.2% in the 2nd quarter. Marshall Wace LLP now owns 791,169 shares of the energy company’s stock valued at $5,325,000 after acquiring an additional 774,977 shares during the last quarter. Sagefield Capital LP increased its stake in Southwestern Energy by 55.4% in the second quarter. Sagefield Capital LP now owns 6,744,343 shares of the energy company’s stock worth $45,389,000 after purchasing an additional 2,404,762 shares during the period. Bank of Montreal Can lifted its position in shares of Southwestern Energy by 22.8% during the second quarter. Bank of Montreal Can now owns 316,424 shares of the energy company’s stock worth $2,163,000 after purchasing an additional 58,717 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in shares of Southwestern Energy by 43.3% during the second quarter. Evergreen Capital Management LLC now owns 25,163 shares of the energy company’s stock valued at $169,000 after purchasing an additional 7,606 shares during the period. 86.97% of the stock is owned by hedge funds and other institutional investors.

Southwestern Energy Stock Performance

Shares of SWN stock opened at $6.88 on Tuesday. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80. The business’s fifty day simple moving average is $6.32 and its 200-day simple moving average is $6.91. 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 company has a market cap of $7.59 billion, a PE ratio of -3.95 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last announced 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. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Analysts expect that Southwestern Energy will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SWN shares. StockNews.com initiated coverage on shares of Southwestern Energy in a report on Wednesday, September 11th. They set a “sell” rating for the company. UBS Group decreased their price target on shares of Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Piper Sandler dropped their price objective on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Susquehanna decreased their target price on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Monday, August 19th. Finally, Wolfe Research began coverage on Southwestern Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. One equities research 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.56.

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.