Citigroup Inc. lowered its position in shares of Southwestern Energy (NYSE:SWN – Free Report) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 761,994 shares of the energy company’s stock after selling 2,870 shares during the quarter. Citigroup Inc.’s holdings in Southwestern Energy were worth $4,915,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Industrial Alliance Investment Management Inc. bought a new position in shares of Southwestern Energy during the 4th quarter valued at about $34,000. Chilton Capital Management LLC acquired a new position in Southwestern Energy in the first quarter worth approximately $38,000. Quantbot Technologies LP acquired a new position in Southwestern Energy in the third quarter worth approximately $39,000. Headlands Technologies LLC increased its holdings in shares of Southwestern Energy by 244.2% in the third quarter. Headlands Technologies LLC now owns 8,420 shares of the energy company’s stock valued at $54,000 after buying an additional 5,974 shares in the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of Southwestern Energy during the 1st quarter valued at $55,000. 88.00% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on SWN. JPMorgan Chase & Co. raised Southwestern Energy from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $7.00 to $8.50 in a research report on Wednesday, December 6th. UBS Group upped their price objective on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Citigroup lifted their target price on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research report on Friday, January 12th. Stifel Nicolaus restated a “hold” rating and issued a $6.60 price target (down previously from $8.50) on shares of Southwestern Energy in a research report on Tuesday, January 23rd. Finally, Seaport Res Ptn lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.86.
Check Out Our Latest Report on SWN
Southwestern Energy Trading Down 0.4 %
Southwestern Energy stock opened at $7.06 on Friday. Southwestern Energy has a 12 month low of $4.57 and a 12 month high of $7.69. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.67. The stock has a market cap of $7.78 billion, a P/E ratio of 5.01 and a beta of 1.12. The company’s fifty day simple moving average is $6.71 and its 200-day simple moving average is $6.65.
Southwestern Energy (NYSE:SWN – Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was down 49.9% on a year-over-year basis. As a group, sell-side analysts forecast that Southwestern Energy will post 0.72 EPS for the current fiscal year.
Southwestern Energy Company Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.
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