Southwestern Energy Company (SWN) Shares Gap Down to $5.91
Southwestern Energy Company (NYSE:SWN) shares gapped down before the market opened on Friday . The stock had previously closed at $6.06, but opened at $5.91. Southwestern Energy shares last traded at $5.79, with a volume of 17,396,828 shares changing hands.
A number of research analysts recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating on shares of Southwestern Energy in a report on Thursday. Cowen and Company reissued a “buy” rating and issued a $9.00 price objective on shares of Southwestern Energy in a research report on Tuesday, September 12th. KeyCorp reissued a “hold” rating on shares of Southwestern Energy in a research report on Sunday, September 3rd. BidaskClub raised shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Piper Jaffray Companies set a $8.00 price target on shares of Southwestern Energy and gave the stock a “hold” rating in a research report on Thursday, August 24th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.33.
The stock’s market capitalization is $2.88 billion. The stock has a 50 day moving average of $5.43 and a 200 day moving average of $6.54.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.08). The company had revenue of $811.00 million during the quarter, compared to analysts’ expectations of $810.00 million. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. Southwestern Energy’s revenue for the quarter was up 55.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) EPS. On average, equities research analysts expect that Southwestern Energy Company will post $0.54 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Southwestern Energy by 2,582.8% during the 1st quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock valued at $255,479,000 after purchasing an additional 30,105,011 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Southwestern Energy by 939.0% in the 1st quarter. Point72 Asset Management L.P. now owns 9,696,227 shares of the energy company’s stock worth $79,218,000 after acquiring an additional 8,762,957 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Southwestern Energy by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 59,247,162 shares of the energy company’s stock worth $484,049,000 after acquiring an additional 6,388,987 shares in the last quarter. FMR LLC raised its position in shares of Southwestern Energy by 36.5% in the 1st quarter. FMR LLC now owns 22,332,221 shares of the energy company’s stock worth $182,454,000 after acquiring an additional 5,969,258 shares in the last quarter. Finally, Bridgewater Associates LP raised its position in shares of Southwestern Energy by 117.5% in the 2nd quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock worth $50,068,000 after acquiring an additional 4,449,396 shares in the last quarter. Institutional investors own 89.57% of the company’s stock.
Southwestern Energy Company Profile
Southwestern Energy Company is an 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 in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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