Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Southwestern Energy Company (NYSE:SWN) by 31.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 36,938 shares of the energy company’s stock after buying an additional 8,804 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Southwestern Energy Company were worth $302,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in Southwestern Energy Company by 26.1% in the first quarter. Creative Planning now owns 25,448 shares of the energy company’s stock worth $208,000 after buying an additional 5,266 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new stake in Southwestern Energy Company during the fourth quarter worth $5,693,000. Comerica Bank boosted its stake in Southwestern Energy Company by 4.6% in the fourth quarter. Comerica Bank now owns 151,482 shares of the energy company’s stock worth $1,521,000 after buying an additional 6,600 shares in the last quarter. ARP Americas LLC purchased a new stake in Southwestern Energy Company during the fourth quarter worth $125,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in Southwestern Energy Company during the first quarter worth $409,000. Institutional investors and hedge funds own 98.21% of the company’s stock.
Southwestern Energy Company (NYSE:SWN) opened at 5.88 on Friday. Southwestern Energy Company has a 12-month low of $5.58 and a 12-month high of $15.59. The stock’s market capitalization is $2.91 billion. The stock’s 50 day moving average is $7.03 and its 200 day moving average is $8.74.
Southwestern Energy Company (NYSE:SWN) last released its quarterly earnings results on Thursday, April 27th. The energy company reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Southwestern Energy Company had a negative return on equity of 2.58% and a negative net margin of 187.25%. The business had revenue of $846 million during the quarter, compared to analysts’ expectations of $765.03 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The company’s quarterly revenue was up 46.1% compared to the same quarter last year. Equities research analysts forecast that Southwestern Energy Company will post $0.68 EPS for the current fiscal year.
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Several brokerages recently commented on SWN. Cowen and Company raised shares of Southwestern Energy Company from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $14.00 to $11.00 in a research report on Wednesday, April 19th. National Securities reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Southwestern Energy Company in a research report on Monday, May 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Southwestern Energy Company in a research report on Tuesday, April 4th. Deutsche Bank AG decreased their price objective on shares of Southwestern Energy Company from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, March 7th. Finally, Raymond James Financial, Inc. reaffirmed a “hold” rating on shares of Southwestern Energy Company in a research report on Saturday, February 25th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $14.16.
Southwestern Energy Company Company Profile
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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