EverSource Wealth Advisors LLC Has $86,000 Stock Holdings in Southwestern Energy (NYSE:SWN)

EverSource Wealth Advisors LLC increased its holdings in shares of Southwestern Energy (NYSE:SWN) by 100.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,312 shares of the energy company’s stock after purchasing an additional 6,662 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Southwestern Energy were worth $86,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Southwestern Energy during the first quarter worth $25,000. Larson Financial Group LLC increased its stake in shares of Southwestern Energy by 4,752.1% during the 2nd quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock worth $40,000 after purchasing an additional 5,750 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Southwestern Energy in the 1st quarter valued at about $43,000. Choreo LLC acquired a new stake in Southwestern Energy in the 2nd quarter valued at about $69,000. Finally, Payden & Rygel Investment Group bought a new position in Southwestern Energy during the first quarter worth about $75,000. 86.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SWN shares. Scotiabank decreased their target price on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. UBS Group dropped their price objective on shares of Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. StockNews.com started coverage on shares of Southwestern Energy in a report on Wednesday, September 11th. They set a “sell” rating for the company. Susquehanna lowered their price target on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Monday, August 19th. Finally, Wolfe Research started coverage on Southwestern Energy in a report on Thursday, July 18th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Southwestern Energy has an average rating of “Hold” and an average target price of $7.98.

Southwestern Energy Stock Up 2.4 %

Shares of NYSE SWN opened at $7.15 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The firm has a market cap of $7.89 billion, a PE ratio of -4.11 and a beta of 1.12. The company’s fifty day simple moving average is $6.34 and its 200 day simple moving average is $6.91. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80.

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 positive return on equity of 10.55% and a negative net margin of 48.91%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that Southwestern Energy will post 0.56 earnings per share 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.