Southwestern Energy (NYSE:SWN) Shares Up 6.4%

Southwestern Energy (NYSE:SWN) shot up 6.4% during mid-day trading on Thursday . The stock traded as high as $2.18 and last traded at $2.15, 21,047,475 shares traded hands during mid-day trading. An increase of 14% from the average session volume of 18,513,525 shares. The stock had previously closed at $2.02.

Several brokerages have recently issued reports on SWN. Evercore ISI set a $6.00 price objective on Southwestern Energy and gave the company a “hold” rating in a research note on Wednesday, August 7th. UBS Group upgraded Southwestern Energy from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $3.10 to $1.90 in a research note on Wednesday, August 14th. Mitsubishi UFJ Financial Group reduced their price objective on Southwestern Energy to $3.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Credit Suisse Group cut Southwestern Energy from a “neutral” rating to an “underperform” rating and set a $2.83 price objective on the stock. in a research note on Tuesday, July 9th. Finally, Zacks Investment Research cut Southwestern Energy from a “hold” rating to a “sell” rating and set a $3.00 price objective on the stock. in a research note on Monday, July 22nd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $3.40.

The company has a debt-to-equity ratio of 0.74, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 2.07, a PEG ratio of 0.38 and a beta of 1.10. The stock has a 50 day simple moving average of $1.96 and a two-hundred day simple moving average of $2.94.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.08 earnings per share 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 analyst estimates of $851.21 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was down 18.3% on a year-over-year basis. Equities research analysts predict that Southwestern Energy will post 0.57 EPS for the current year.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. 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 purchasing an additional 7,033 shares in the last quarter. XR Securities LLC acquired a new stake in shares of Southwestern Energy during the third quarter worth about $29,000. Signaturefd LLC increased its position in shares of Southwestern Energy by 32.7% during the third quarter. Signaturefd LLC now owns 22,015 shares of the energy company’s stock worth $42,000 after purchasing an additional 5,422 shares in the last quarter. Wetherby Asset Management Inc. acquired a new stake in shares of Southwestern Energy during the second quarter worth about $45,000. Finally, Eidelman Virant Capital acquired a new stake in shares of Southwestern Energy during the second quarter worth about $63,000.

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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