Prudential Financial Inc. grew its stake in shares of Southwestern Energy (NYSE:SWN) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,113,234 shares of the energy company’s stock after buying an additional 143,547 shares during the period. Prudential Financial Inc. owned 0.36% of Southwestern Energy worth $9,150,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. NuWave Investment Management LLC bought a new stake in shares of Southwestern Energy during the fourth quarter valued at about $117,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Southwestern Energy during the fourth quarter valued at about $138,000. State of Alaska Department of Revenue bought a new stake in shares of Southwestern Energy during the fourth quarter valued at about $166,000. Creative Planning grew its holdings in shares of Southwestern Energy by 266.5% during the fourth quarter. Creative Planning now owns 45,759 shares of the energy company’s stock worth $255,000 after purchasing an additional 33,275 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Southwestern Energy during the fourth quarter worth about $263,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.
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Several research analysts have recently commented on the company. Morgan Stanley boosted their price objective on Southwestern Energy from $2.50 to $4.00 and gave the stock a “sell” rating in a report on Thursday, May 24th. Cowen set a $5.00 price objective on Southwestern Energy and gave the stock a “buy” rating in a report on Thursday, February 8th. UBS assumed coverage on Southwestern Energy in a report on Wednesday, March 7th. They set a “sell” rating and a $4.00 price objective for the company. ValuEngine lowered Southwestern Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research raised Southwestern Energy from a “sell” rating to a “hold” rating in a report on Thursday, April 5th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. Southwestern Energy currently has an average rating of “Hold” and an average target price of $6.04.
Shares of SWN opened at $4.45 on Tuesday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 10.11 and a beta of 0.79. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.00. Southwestern Energy has a 1 year low of $3.42 and a 1 year high of $6.75.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, April 26th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The business had revenue of $920.00 million during the quarter, compared to analyst estimates of $895.65 million. Southwestern Energy had a return on equity of 19.14% and a net margin of 25.51%. During the same quarter in the prior year, the firm earned $0.18 earnings per share. sell-side analysts anticipate that Southwestern Energy will post 0.78 earnings per share for the current fiscal year.
About Southwestern Energy
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 Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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