Capstone Asset Management Co. increased its stake in Southwestern Energy Company (NYSE:SWN) by 30.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,209 shares of the energy company’s stock after buying an additional 9,363 shares during the period. Capstone Asset Management Co.’s holdings in Southwestern Energy were worth $244,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in SWN. Cleararc Capital Inc. raised its stake in Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after buying an additional 261 shares in the last quarter. Financial Counselors Inc. bought a new stake in Southwestern Energy during the first quarter valued at $101,000. Tudor Investment Corp ET AL bought a new stake in Southwestern Energy during the first quarter valued at $102,000. Pinnacle Associates Ltd. bought a new stake in Southwestern Energy during the first quarter valued at $103,000. Finally, Macquarie Group Ltd. raised its stake in Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock valued at $107,000 after buying an additional 2,000 shares in the last quarter. 93.10% of the stock is owned by institutional investors and hedge funds.
Southwestern Energy Company (NYSE SWN) traded up 2.14% during mid-day trading on Friday, reaching $5.24. The company had a trading volume of 7,072,102 shares. The firm’s 50-day moving average price is $5.68 and its 200-day moving average price is $7.01. The stock’s market cap is $2.61 billion. Southwestern Energy Company has a 12 month low of $5.00 and a 12 month high of $15.59.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. The company had revenue of $811 million during the quarter, compared to analyst estimates of $810 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% on a year-over-year basis. During the same period in the previous year, the company posted ($0.09) earnings per share. Equities research analysts forecast that Southwestern Energy Company will post $0.55 EPS for the current fiscal year.
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SWN has been the subject of several research reports. Citigroup Inc. reduced their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Cowen and Company set a $9.00 price objective on Southwestern Energy and gave the stock a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and set a $8.00 price objective on shares of Southwestern Energy in a research note on Tuesday, June 27th. National Securities reissued a “buy” rating and set a $14.00 price objective on shares of Southwestern Energy in a research note on Monday, May 1st. Finally, Barclays PLC reissued an “equal weight” rating and set a $9.00 price objective (down from $10.00) on shares of Southwestern Energy in a research note on Saturday, April 22nd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.55.
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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