Southwestern Energy (NYSE:SWN) Shares Sold by Marathon Capital Management

Marathon Capital Management lowered its holdings in Southwestern Energy (NYSE:SWN) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,700 shares of the energy company’s stock after selling 2,250 shares during the quarter. Marathon Capital Management’s holdings in Southwestern Energy were worth $1,007,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fruth Investment Management lifted its holdings in Southwestern Energy by 14.4% in the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock valued at $92,000 after acquiring an additional 1,536 shares during the period. Joule Financial LLC raised its stake in shares of Southwestern Energy by 3.4% during the 2nd quarter. Joule Financial LLC now owns 55,421 shares of the energy company’s stock worth $373,000 after buying an additional 1,806 shares during the last quarter. Confluence Investment Management LLC raised its stake in shares of Southwestern Energy by 2.1% during the 2nd quarter. Confluence Investment Management LLC now owns 88,912 shares of the energy company’s stock worth $598,000 after buying an additional 1,825 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Southwestern Energy by 0.4% during the 2nd quarter. TD Asset Management Inc now owns 590,130 shares of the energy company’s stock worth $3,972,000 after buying an additional 2,130 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Southwestern Energy by 17.8% during the 1st quarter. CWM LLC now owns 15,136 shares of the energy company’s stock worth $115,000 after buying an additional 2,289 shares during the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SWN shares. StockNews.com started coverage on Southwestern Energy in a research note on Wednesday, September 11th. They set a “sell” rating for the company. UBS Group cut their price target on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Scotiabank cut their target price on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 20th. Piper Sandler cut their target price on shares of 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, Wolfe Research assumed coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. One equities 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. According to MarketBeat.com, Southwestern Energy has an average rating of “Hold” and a consensus price target of $8.56.

Southwestern Energy Stock Up 3.4 %

Shares of NYSE:SWN opened at $6.96 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.53 and a current ratio of 0.53. Southwestern Energy has a 1 year low of $5.85 and a 1 year high of $7.80. The stock has a market capitalization of $7.68 billion, a P/E ratio of -4.00 and a beta of 1.12. The stock has a 50-day simple moving average of $6.33 and a 200-day simple moving average of $6.91.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. Equities analysts forecast that Southwestern Energy will post 0.56 earnings per share for the current year.

About Southwestern Energy

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.