K2 Principal Fund L.P. Sells 347,325 Shares of Southwestern Energy (NYSE:SWN)

K2 Principal Fund L.P. decreased its holdings in Southwestern Energy (NYSE:SWN) by 91.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,076 shares of the energy company’s stock after selling 347,325 shares during the quarter. K2 Principal Fund L.P.’s holdings in Southwestern Energy were worth $209,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SWN. Bank of Nova Scotia purchased a new position in shares of Southwestern Energy during the 4th quarter worth $4,434,000. Price T Rowe Associates Inc. MD grew its holdings in Southwestern Energy by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after purchasing an additional 4,968,002 shares during the period. Annex Advisory Services LLC increased its position in Southwestern Energy by 18.8% in the fourth quarter. Annex Advisory Services LLC now owns 977,353 shares of the energy company’s stock worth $6,402,000 after buying an additional 154,496 shares in the last quarter. Symmetry Investments LP bought a new position in shares of Southwestern Energy in the fourth quarter worth about $997,000. Finally, Asia Research & Capital Management Ltd purchased a new position in shares of Southwestern Energy during the 4th quarter valued at about $2,442,000. 86.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SWN has been the subject of several analyst reports. Wolfe Research initiated coverage on shares of Southwestern Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. StockNews.com started coverage on shares of Southwestern Energy in a research note on Wednesday, September 11th. They issued a “sell” rating for the company. Susquehanna lowered their target price on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Piper Sandler cut their price target on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Finally, Scotiabank lowered their price objective on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.56.

Southwestern Energy Stock Up 2.4 %

NYSE SWN opened at $6.88 on Tuesday. The stock has a 50 day moving average price of $6.32 and a 200-day moving average price of $6.91. Southwestern Energy has a one year low of $5.85 and a one year high of $7.80. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $7.59 billion, a P/E ratio of -3.95 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $0.09 earnings per share. Southwestern Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, equities analysts predict that Southwestern Energy will post 0.57 EPS for the current fiscal year.

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.