Southwestern Energy (NYSE:SWN) Shares Gap Down to $2.14

Southwestern Energy (NYSE:SWN)’s share price gapped down before the market opened on Friday . The stock had previously closed at $2.03, but opened at $2.14. Southwestern Energy shares last traded at $2.24, with a volume of 250,853 shares trading hands.

A number of research firms recently issued reports on SWN. UBS Group upgraded shares of Southwestern Energy from a “sell” rating to a “neutral” rating and dropped their target price for the company from $3.10 to $1.90 in a research report on Wednesday, August 14th. Evercore ISI set a $6.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a research report on Wednesday, August 7th. Mitsubishi UFJ Financial Group dropped their target price on shares of Southwestern Energy to $3.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th. B. Riley reiterated a “buy” rating and set a $6.50 target price (down previously from $7.30) on shares of Southwestern Energy in a research report on Friday, May 17th. Finally, Oppenheimer initiated coverage on shares of Southwestern Energy in a research report on Thursday, June 6th. They set a “market perform” rating on the stock. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.92.

The firm has a market cap of $1.20 billion, a P/E ratio of 2.19, a price-to-earnings-growth ratio of 0.44 and a beta of 1.09. The stock’s 50 day simple moving average is $1.89 and its 200 day simple moving average is $3.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.84 and a current ratio of 0.84.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). The business had revenue of $667.00 million for the quarter, compared to the consensus estimate of $851.21 million. Southwestern Energy had a net margin of 26.70% and a return on equity of 19.16%. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 EPS. As a group, analysts forecast that Southwestern Energy will post 0.56 EPS for the current fiscal year.

In other Southwestern Energy news, CFO Julian Mark Bott purchased 25,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was acquired at an average price of $1.90 per share, for a total transaction of $47,500.00. Following the purchase, the chief financial officer now owns 25,000 shares of the company’s stock, valued at approximately $47,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Way purchased 100,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $1.91 per share, with a total value of $191,000.00. Following the purchase, the insider now directly owns 771,362 shares in the company, valued at approximately $1,473,301.42. The disclosure for this purchase can be found here. Insiders have acquired a total of 126,250 shares of company stock valued at $240,638 in the last 90 days. 0.66% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in shares of Southwestern Energy by 19.9% in the 2nd quarter. AQR Capital Management LLC now owns 37,154,242 shares of the energy company’s stock worth $115,178,000 after acquiring an additional 6,167,475 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Southwestern Energy by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 62,638,942 shares of the energy company’s stock worth $197,938,000 after acquiring an additional 4,404,518 shares in the last quarter. FMR LLC grew its stake in shares of Southwestern Energy by 5.6% in the 1st quarter. FMR LLC now owns 82,398,453 shares of the energy company’s stock worth $386,448,000 after acquiring an additional 4,393,227 shares in the last quarter. Invesco Ltd. grew its stake in shares of Southwestern Energy by 87.4% in the 2nd quarter. Invesco Ltd. now owns 9,090,853 shares of the energy company’s stock worth $28,727,000 after acquiring an additional 4,240,832 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Southwestern Energy by 15.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 30,097,406 shares of the energy company’s stock worth $102,636,000 after acquiring an additional 4,004,463 shares in the last quarter. Institutional investors and hedge funds own 94.63% 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 development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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