Skandinaviska Enskilda Banken AB publ Trims Stock Position in Southwestern Energy (NYSE:SWN)

Skandinaviska Enskilda Banken AB publ cut its stake in Southwestern Energy (NYSE:SWN) by 45.1% in the second quarter, Holdings Channel.com reports. The fund owned 250,000 shares of the energy company’s stock after selling 205,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Southwestern Energy were worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia purchased a new stake in Southwestern Energy in the fourth quarter valued at $4,434,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Southwestern Energy by 14.4% in 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 buying an additional 4,968,002 shares during the last quarter. Annex Advisory Services LLC raised its holdings in shares of Southwestern Energy by 18.8% in the fourth quarter. Annex Advisory Services LLC now owns 977,353 shares of the energy company’s stock valued at $6,402,000 after buying an additional 154,496 shares during the last quarter. Symmetry Investments LP purchased a new stake in shares of Southwestern Energy in the fourth quarter valued at about $997,000. Finally, Asia Research & Capital Management Ltd purchased a new stake in shares of Southwestern Energy in the fourth quarter valued at about $2,442,000. 86.97% of the stock is owned by hedge funds and other institutional investors.

Southwestern Energy Trading Up 2.4 %

Shares of SWN opened at $6.88 on Tuesday. 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’s 50-day moving average is $6.32 and its two-hundred day moving average is $6.91. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80. The firm 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 issued its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, research analysts predict that Southwestern Energy will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Southwestern Energy in a report on Wednesday, September 11th. They issued a “sell” rating for the company. Piper Sandler reduced their target price on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Wolfe Research assumed coverage on shares of Southwestern Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Susquehanna reduced their target price on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Monday, August 19th. Finally, UBS Group cut their price target on shares of Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.56.

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.