Choreo LLC Buys New Stake in Southwestern Energy (NYSE:SWN)

Choreo LLC bought a new stake in Southwestern Energy (NYSE:SWN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,181 shares of the energy company’s stock, valued at approximately $69,000.

Several other large investors have also recently bought and sold shares of SWN. Rise Advisors LLC purchased a new position in Southwestern Energy in the first quarter valued at $25,000. Pingora Partners LLC purchased a new position in shares of Southwestern Energy during the fourth quarter worth about $30,000. Larson Financial Group LLC grew its holdings in shares of Southwestern Energy by 4,752.1% during the second quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock worth $40,000 after purchasing an additional 5,750 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Southwestern Energy during the first quarter worth about $43,000. Finally, Payden & Rygel Investment Group purchased a new position in shares of Southwestern Energy during the first quarter worth about $75,000. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Southwestern Energy Price Performance

Shares of NYSE:SWN opened at $6.72 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The company has a market cap of $7.41 billion, a P/E ratio of -3.87 and a beta of 1.12. Southwestern Energy has a 52 week low of $5.85 and a 52 week high of $7.80. The company has a 50-day moving average price of $6.33 and a 200 day moving average price of $6.91.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s revenue was down 14.7% compared to the same quarter last year. Research analysts predict that Southwestern Energy will post 0.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SWN shares. Wolfe Research started coverage on Southwestern Energy in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. UBS Group dropped their price objective on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday. Scotiabank dropped their price objective on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Susquehanna dropped their price objective on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Monday, August 19th. Finally, StockNews.com initiated coverage on Southwestern Energy in a report on Wednesday, September 11th. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.56.

Southwestern Energy Company 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.