Gregory D. Kerley Sells 12,000 Shares of Southwestern Energy Co. (SWN) Stock
Southwestern Energy Co. (NYSE:SWN) Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $14.34, for a total transaction of $172,080.00. Following the completion of the sale, the director now directly owns 312,064 shares in the company, valued at $4,474,997.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Southwestern Energy Co. (NYSE:SWN) opened at 14.34 on Friday. The firm has a 50-day moving average of $14.11 and a 200-day moving average of $12.29. Southwestern Energy Co. has a 12-month low of $5.00 and a 12-month high of $15.59. The stock’s market cap is $5.56 billion.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Southwestern Energy had a negative net margin of 220.65% and a negative return on equity of 1.99%. The business earned $522 million during the quarter, compared to analysts’ expectations of $517.49 million. Equities analysts predict that Southwestern Energy Co. will post $0.05 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Zurich Insurance Group Ltd FI bought a new position in shares of Southwestern Energy during the first quarter valued at about $1,595,000. Geode Capital Management LLC boosted its position in shares of Southwestern Energy by 3.9% in the first quarter. Geode Capital Management LLC now owns 3,175,453 shares of the energy company’s stock valued at $25,573,000 after buying an additional 117,987 shares during the last quarter. Babson Capital Management LLC bought a new position in shares of Southwestern Energy during the first quarter valued at about $1,106,000. Creative Planning boosted its position in shares of Southwestern Energy by 50.6% in the second quarter. Creative Planning now owns 37,206 shares of the energy company’s stock valued at $468,000 after buying an additional 12,501 shares during the last quarter. Finally, Icon Advisers Inc. Co. boosted its position in shares of Southwestern Energy by 22.7% in the first quarter. Icon Advisers Inc. Co. now owns 622,600 shares of the energy company’s stock valued at $5,024,000 after buying an additional 115,000 shares during the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.
SWN has been the topic of a number of recent analyst reports. Vetr lowered shares of Southwestern Energy from a “buy” rating to a “hold” rating and set a $13.92 price objective on the stock. in a research report on Tuesday, May 31st. KLR Group lowered shares of Southwestern Energy from an “accumulate” rating to a “hold” rating and set a $13.00 target price on the stock. in a research report on Tuesday, June 7th. Bank of America Corp. reaffirmed a “hold” rating and set a $16.00 target price on shares of Southwestern Energy in a research report on Friday, June 10th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a $9.00 target price (up from $8.00) on shares of Southwestern Energy in a research report on Tuesday, June 14th. Finally, Barclays PLC raised their target price on shares of Southwestern Energy from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 14th. Five equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.44.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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