Southwestern Energy (NYSE:SWN) Hits New 1-Year Low at $3.19

Southwestern Energy (NYSE:SWN) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $3.19 and last traded at $3.20, with a volume of 332390 shares trading hands. The stock had previously closed at $3.34.

A number of research analysts recently issued reports on the company. Wolfe Research lowered Southwestern Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, April 18th. B. Riley reiterated a “buy” rating and issued a $6.50 target price (down from $7.30) on shares of Southwestern Energy in a report on Friday, May 17th. Zacks Investment Research upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a report on Tuesday, February 12th. Finally, Oppenheimer initiated coverage on Southwestern Energy in a report on Thursday, June 6th. They set a “market perform” rating for the company. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Southwestern Energy presently has a consensus rating of “Hold” and a consensus target price of $5.80.

The firm has a market capitalization of $1.79 billion, a PE ratio of 3.13 and a beta of 1.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.94 and a quick ratio of 0.94.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, April 25th. The energy company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.06. The company had revenue of $990.00 million during the quarter, compared to the consensus estimate of $563.69 million. Southwestern Energy had a return on equity of 23.46% and a net margin of 23.47%. Southwestern Energy’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. On average, analysts predict that Southwestern Energy will post 0.77 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SWN. FMR LLC increased its position in shares of Southwestern Energy by 59.2% during the fourth quarter. FMR LLC now owns 78,005,226 shares of the energy company’s stock worth $265,998,000 after purchasing an additional 28,992,566 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Southwestern Energy by 831.8% during the first quarter. AQR Capital Management LLC now owns 30,986,767 shares of the energy company’s stock worth $145,328,000 after purchasing an additional 27,661,427 shares in the last quarter. Norges Bank acquired a new stake in shares of Southwestern Energy during the fourth quarter worth about $29,967,000. Dimensional Fund Advisors LP increased its position in shares of Southwestern Energy by 21.8% during the first quarter. Dimensional Fund Advisors LP now owns 36,663,501 shares of the energy company’s stock worth $171,953,000 after purchasing an additional 6,566,095 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Southwestern Energy during the fourth quarter worth about $10,207,000. 94.63% of the stock is owned by institutional investors.

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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 development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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