511,121 Shares in Southwestern Energy (NYSE:SWN) Acquired by Point72 DIFC Ltd

Point72 DIFC Ltd bought a new stake in Southwestern Energy (NYSE:SWN) during the 2nd quarter, HoldingsChannel reports. The fund bought 511,121 shares of the energy company’s stock, valued at approximately $3,440,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP increased its holdings in shares of Southwestern Energy by 4,786.2% during the second quarter. Marshall Wace LLP now owns 791,169 shares of the energy company’s stock valued at $5,325,000 after purchasing an additional 774,977 shares during the period. Sagefield Capital LP boosted its stake in Southwestern Energy by 55.4% during the second quarter. Sagefield Capital LP now owns 6,744,343 shares of the energy company’s stock valued at $45,389,000 after buying an additional 2,404,762 shares in the last quarter. Bank of Montreal Can raised its position in Southwestern Energy by 22.8% in the second quarter. Bank of Montreal Can now owns 316,424 shares of the energy company’s stock worth $2,163,000 after acquiring an additional 58,717 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in Southwestern Energy by 43.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 25,163 shares of the energy company’s stock valued at $169,000 after acquiring an additional 7,606 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Southwestern Energy by 100.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13,312 shares of the energy company’s stock valued at $86,000 after purchasing an additional 6,662 shares in the last quarter. Institutional investors own 86.97% of the company’s stock.

Analysts Set New Price Targets

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

Southwestern Energy Price Performance

SWN opened at $6.88 on Tuesday. The stock has a fifty day moving average price of $6.32 and a 200 day moving average price of $6.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. Southwestern Energy has a 1 year low of $5.85 and a 1 year high of $7.80. The stock has a market cap of $7.59 billion, a price-to-earnings 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, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share. Analysts forecast that Southwestern Energy will post 0.57 EPS for the current fiscal year.

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.