Peirce Capital Management LLC Makes New Investment in Southwestern Energy (NYSE:SWN)

Peirce Capital Management LLC acquired a new position in shares of Southwestern Energy (NYSE:SWN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,636 shares of the energy company’s stock, valued at approximately $148,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SWN. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Southwestern Energy in the fourth quarter valued at about $34,000. Quantbot Technologies LP purchased a new stake in shares of Southwestern Energy in the third quarter valued at about $39,000. Chilton Capital Management LLC purchased a new stake in shares of Southwestern Energy in the first quarter valued at about $38,000. International Assets Investment Management LLC boosted its holdings in shares of Southwestern Energy by 555.0% in the fourth quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company’s stock valued at $50,000 after acquiring an additional 6,460 shares in the last quarter. Finally, Headlands Technologies LLC boosted 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 acquiring an additional 5,974 shares in the last quarter. 86.97% of the stock is owned by hedge funds and other institutional investors.

Southwestern Energy Price Performance

Shares of NYSE SWN traded down $0.06 on Tuesday, hitting $7.24. The company’s stock had a trading volume of 2,950,983 shares, compared to its average volume of 17,562,736. Southwestern Energy has a 12-month low of $4.57 and a 12-month high of $7.69. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 5.18 and a beta of 1.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a 50 day moving average of $7.07 and a 200-day moving average of $6.80.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was down 49.9% compared to the same quarter last year. As a group, research analysts predict that Southwestern Energy will post 0.62 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on SWN shares. Seaport Res Ptn downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. Scotiabank downgraded shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the company from $9.00 to $9.50 in a report on Thursday, April 11th. Citigroup raised their price objective on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a research note on Friday, January 12th. StockNews.com initiated coverage on shares of Southwestern Energy in a research report on Friday. They set a “hold” rating on the stock. Finally, Stifel Nicolaus restated a “hold” rating and set a $6.60 target price (down from $8.50) on shares of Southwestern Energy in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.11.

Southwestern Energy 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.