Evergreen Capital Management LLC Acquires 7,606 Shares of Southwestern Energy (NYSE:SWN)

Evergreen Capital Management LLC raised its holdings in shares of Southwestern Energy (NYSE:SWN) by 43.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,163 shares of the energy company’s stock after buying an additional 7,606 shares during the quarter. Evergreen Capital Management LLC’s holdings in Southwestern Energy were worth $169,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Magnetar Financial LLC boosted its holdings in Southwestern Energy by 3,468.3% in the 1st quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock valued at $93,691,000 after purchasing an additional 12,013,898 shares during the period. KRYGER CAPITAL Ltd acquired a new stake in Southwestern Energy during the first quarter worth about $76,543,000. Dimensional Fund Advisors LP increased its stake in Southwestern Energy by 21.8% during the second quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock valued at $329,276,000 after acquiring an additional 8,741,562 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Southwestern Energy by 14.4% in the 1st 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 acquiring an additional 4,968,002 shares in the last quarter. Finally, Calamos Advisors LLC lifted its position in shares of Southwestern Energy by 269.1% in the 2nd quarter. Calamos Advisors LLC now owns 6,284,615 shares of the energy company’s stock worth $42,295,000 after acquiring an additional 4,581,834 shares during the period. 86.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SWN. Susquehanna cut their target price on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Monday, August 19th. Wolfe Research started coverage on shares of Southwestern Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. UBS Group dropped their price target on shares of Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Scotiabank cut their price target 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. Finally, StockNews.com initiated coverage on Southwestern Energy in a research note on Wednesday, September 11th. They issued a “sell” rating on the stock. One investment 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. Based on data from MarketBeat.com, Southwestern Energy currently has a consensus rating of “Hold” and an average target price of $7.98.

Southwestern Energy Stock Up 2.4 %

NYSE SWN opened at $7.15 on Friday. The stock’s 50 day simple moving average is $6.34 and its 200 day simple moving average is $6.91. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. Southwestern Energy has a one year low of $5.85 and a one year high of $7.80. The firm has a market cap of $7.89 billion, a PE ratio of -4.11 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 14.7% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. As a group, sell-side analysts forecast that Southwestern Energy will post 0.56 earnings per share 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.