Cwm LLC Acquires 6,463 Shares of Southwestern Energy (NYSE:SWN)

Cwm LLC grew its holdings in shares of Southwestern Energy (NYSE:SWN) by 42.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,610 shares of the energy company’s stock after buying an additional 6,463 shares during the period. Cwm LLC’s holdings in Southwestern Energy were worth $154,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SWN. Fifth Third Wealth Advisors LLC boosted its stake in Southwestern Energy by 28.2% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 18,510 shares of the energy company’s stock worth $140,000 after purchasing an additional 4,075 shares in the last quarter. State of Michigan Retirement System increased its stake in Southwestern Energy by 2.3% in the first quarter. State of Michigan Retirement System now owns 270,500 shares of the energy company’s stock worth $2,050,000 after purchasing an additional 6,200 shares during the period. Norden Group LLC purchased a new stake in Southwestern Energy in the first quarter worth $318,000. Fruth Investment Management increased its stake in shares of Southwestern Energy by 14.4% during the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock valued at $92,000 after buying an additional 1,536 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Southwestern Energy during the first quarter valued at $146,000. Institutional investors own 86.97% of the company’s stock.

Southwestern Energy Price Performance

SWN opened at $7.11 on Friday. The stock’s 50-day moving average price is $6.65 and its 200 day moving average price is $6.88. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of -4.09 and a beta of 1.12.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on SWN shares. Wolfe Research started coverage on Southwestern Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. UBS Group decreased their price target on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Susquehanna cut their price objective on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Monday, August 19th. Piper Sandler dropped their price target on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Finally, StockNews.com began coverage on Southwestern Energy in a research report on Friday, October 18th. They set a “sell” 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.98.

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.