Southwestern Energy (NYSE:SWN) Shares Gap Up to $1.77

Southwestern Energy (NYSE:SWN)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $1.73, but opened at $1.77. Southwestern Energy shares last traded at $1.85, with a volume of 13,884,642 shares.

Several equities research analysts have recently commented on SWN shares. Citigroup upped their price objective on Southwestern Energy from $2.00 to $2.25 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Evercore ISI set a $6.00 price target on Southwestern Energy and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Credit Suisse Group lowered Southwestern Energy from a “neutral” rating to an “underperform” rating and set a $2.83 price target for the company. in a research note on Tuesday, July 9th. ValuEngine upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley cut their price target on Southwestern Energy from $2.00 to $1.50 and set an “underweight” rating for the company in a research note on Friday, October 4th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Southwestern Energy currently has a consensus rating of “Hold” and an average price target of $3.40.

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s fifty day moving average is $1.93 and its 200 day moving average is $3.00. The stock has a market cap of $958.13 million, a P/E ratio of 1.91, a P/E/G ratio of 0.34 and a beta of 1.10.

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). Southwestern Energy had a net margin of 26.70% and a return on equity of 19.16%. The business had revenue of $667.00 million during the quarter, compared to the consensus estimate of $851.21 million. During the same period in the previous year, the business posted $0.18 EPS. The firm’s revenue was down 18.3% on a year-over-year basis. Equities research analysts predict that Southwestern Energy will post 0.58 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in SWN. Tower Research Capital LLC TRC increased its position in shares of Southwestern Energy by 827.4% during the second quarter. Tower Research Capital LLC TRC now owns 7,883 shares of the energy company’s stock worth $25,000 after acquiring an additional 7,033 shares during the period. Cleararc Capital Inc. purchased a new position in Southwestern Energy during the first quarter valued at approximately $65,000. Wetherby Asset Management Inc. purchased a new position in Southwestern Energy during the second quarter valued at approximately $45,000. XR Securities LLC purchased a new position in Southwestern Energy during the third quarter valued at approximately $29,000. Finally, Signaturefd LLC increased its holdings in Southwestern Energy by 325.7% during the second quarter. Signaturefd LLC now owns 16,593 shares of the energy company’s stock valued at $52,000 after buying an additional 12,695 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Southwestern Energy Company Profile (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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