Southwestern Energy (SWN) Trading 6.6% Higher

Southwestern Energy (NYSE:SWN)’s share price was up 6.6% during trading on Monday . The company traded as high as $5.72 and last traded at $5.63. Approximately 26,364,021 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 20,158,078 shares. The stock had previously closed at $5.28.

A number of equities analysts have recently commented on SWN shares. ValuEngine downgraded Southwestern Energy from a “sell” rating to a “strong sell” rating in a report on Monday, June 11th. B. Riley raised their price objective on Southwestern Energy from $7.85 to $10.00 and gave the stock a “buy” rating in a report on Friday, June 22nd. Zacks Investment Research upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Tuesday, July 17th. Scotiabank set a $7.00 price objective on Southwestern Energy and gave the stock a “hold” rating in a report on Monday, August 6th. Finally, BMO Capital Markets set a $7.00 price objective on Southwestern Energy and gave the stock a “buy” rating in a report on Sunday, August 12th. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.66.

The firm has a market cap of $3.00 billion, a P/E ratio of 12.84 and a beta of 0.87. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.66.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 2nd. The energy company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. Southwestern Energy had a return on equity of 17.78% and a net margin of 18.37%. The business had revenue of $816.00 million for the quarter, compared to the consensus estimate of $809.41 million. During the same period last year, the business posted $0.08 EPS. The company’s revenue was up .6% on a year-over-year basis. Analysts expect that Southwestern Energy will post 0.9 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. B. Riley Financial Inc. grew its stake in Southwestern Energy by 14.6% during the 2nd quarter. B. Riley Financial Inc. now owns 78,682 shares of the energy company’s stock valued at $417,000 after purchasing an additional 10,053 shares in the last quarter. SG Americas Securities LLC grew its stake in Southwestern Energy by 9.7% during the 2nd quarter. SG Americas Securities LLC now owns 123,650 shares of the energy company’s stock valued at $655,000 after purchasing an additional 10,929 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Southwestern Energy by 17.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 83,167 shares of the energy company’s stock valued at $440,000 after purchasing an additional 12,125 shares in the last quarter. BB&T Corp grew its stake in Southwestern Energy by 68.4% during the 2nd quarter. BB&T Corp now owns 33,680 shares of the energy company’s stock valued at $178,000 after purchasing an additional 13,682 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Southwestern Energy by 14.0% during the 1st quarter. Amalgamated Bank now owns 112,045 shares of the energy company’s stock valued at $485,000 after purchasing an additional 13,728 shares in the last quarter. Hedge funds and other institutional investors own 90.80% of the company’s stock.

About Southwestern Energy (NYSE:SWN)

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.

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