Southwestern Energy (NYSE:SWN) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 44,851,033 shares, an increase of 7.6% from the November 15th total of 41,699,015 shares. Based on an average trading volume of 13,061,269 shares, the short-interest ratio is currently 3.4 days. Currently, 8.8% of the shares of the stock are sold short.
A number of hedge funds have recently modified their holdings of SWN. Zacks Investment Management purchased a new stake in shares of Southwestern Energy during the 2nd quarter worth $105,000. Cetera Investment Advisers purchased a new stake in shares of Southwestern Energy during the 2nd quarter worth $108,000. MML Investors Services LLC lifted its position in shares of Southwestern Energy by 5.3% during the 2nd quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock worth $109,000 after purchasing an additional 900 shares during the last quarter. Sciencast Management LP purchased a new stake in shares of Southwestern Energy during the 2nd quarter worth $126,000. Finally, HRT Financial LLC purchased a new stake in shares of Southwestern Energy during the 2nd quarter worth $127,000. 88.52% of the stock is owned by institutional investors.
A number of research firms have commented on SWN. Robert W. Baird reiterated a “hold” rating and issued a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, September 26th. Royal Bank of Canada set a $7.00 price target on shares of Southwestern Energy and gave the stock a “hold” rating in a report on Wednesday. Credit Suisse Group began coverage on shares of Southwestern Energy in a report on Monday, December 11th. They set a “neutral” rating and a $6.00 price target for the company. BMO Capital Markets set a $9.00 price target on shares of Southwestern Energy and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Piper Jaffray Companies set a $6.00 price target on shares of Southwestern Energy and gave the stock a “hold” rating in a report on Thursday, October 19th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. Southwestern Energy has an average rating of “Hold” and an average price target of $8.90.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The business had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $773.99 million. During the same period in the prior year, the business earned $0.03 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. equities research analysts forecast that Southwestern Energy will post 0.44 earnings per share for the current fiscal year.
About Southwestern Energy
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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