Sippican Capital Advisors lowered its position in Southwestern Energy Company (NYSE:SWN) by 18.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,700 shares of the energy company’s stock after selling 10,900 shares during the period. Sippican Capital Advisors’ holdings in Southwestern Energy were worth $296,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SWN. Cleararc Capital Inc. increased its position in Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock worth $100,000 after buying an additional 261 shares during the last quarter. Financial Counselors Inc. purchased a new position in Southwestern Energy during the first quarter worth about $101,000. Tudor Investment Corp ET AL purchased a new position in Southwestern Energy during the first quarter worth about $102,000. Pinnacle Associates Ltd. purchased a new position in Southwestern Energy during the first quarter worth about $103,000. Finally, Macquarie Group Ltd. increased its position in Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock worth $107,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 93.62% of the company’s stock.
Southwestern Energy Company (NYSE SWN) traded up 2.30% during trading on Friday, reaching $5.34. The company’s stock had a trading volume of 14,334,973 shares. The stock’s 50 day moving average is $5.75 and its 200 day moving average is $7.14. Southwestern Energy Company has a 12 month low of $5.00 and a 12 month high of $15.59. The company’s market cap is $2.66 billion.
Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.08. The company had revenue of $811 million for the quarter, compared to analysts’ expectations of $810 million. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company’s revenue was up 55.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. On average, equities analysts expect that Southwestern Energy Company will post $0.55 EPS for the current fiscal year.
A number of research analysts have weighed in on SWN shares. Citigroup Inc. decreased their price target 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 target on Southwestern Energy and gave the company a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating and issued a $8.00 price target on shares of Southwestern Energy in a research note on Tuesday, June 27th. National Securities restated a “buy” rating and issued a $14.00 price target on shares of Southwestern Energy in a research note on Monday, May 1st. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $9.00 price objective (down from $10.00) on shares of Southwestern Energy in a research report on Saturday, April 22nd. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.55.
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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