Southwestern Energy (NYSE:SWN) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC lifted its position in shares of Southwestern Energy (NYSE:SWN) by 54.5% during the third quarter, Holdings Channel reports. The firm owned 17,258 shares of the energy company’s stock after acquiring an additional 6,087 shares during the quarter. Ballentine Partners LLC’s holdings in Southwestern Energy were worth $123,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its position in Southwestern Energy by 340.6% during the third quarter. UMB Bank n.a. now owns 3,450 shares of the energy company’s stock worth $25,000 after buying an additional 2,667 shares during the period. Paladin Wealth LLC acquired a new position in shares of Southwestern Energy in the 3rd quarter valued at $38,000. Fidelis Capital Partners LLC purchased a new stake in Southwestern Energy in the 1st quarter valued at $43,000. Larson Financial Group LLC boosted its stake in 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 period. Finally, International Assets Investment Management LLC grew its position in Southwestern Energy by 611.0% during the 3rd quarter. International Assets Investment Management LLC now owns 8,866 shares of the energy company’s stock worth $63,000 after purchasing an additional 7,619 shares during the last quarter. 86.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SWN. Piper Sandler decreased their target price on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. UBS Group dropped their target price on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Scotiabank decreased their price target on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Tuesday, August 20th. Susquehanna dropped their price objective on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Finally, StockNews.com started coverage on shares of Southwestern Energy in a research note on Saturday, October 26th. They issued a “sell” rating for the company. One research 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. According to MarketBeat, Southwestern Energy presently has a consensus rating of “Hold” and a consensus price target of $7.98.

Southwestern Energy Price Performance

Shares of NYSE SWN opened at $7.11 on Thursday. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of -4.09 and a beta of 1.12. Southwestern Energy has a 52 week low of $5.85 and a 52 week high of $7.80. The firm has a 50-day moving average price of $6.71 and a 200 day moving average price of $6.87. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) 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 the consensus estimate of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. Equities research analysts anticipate that Southwestern Energy will post 0.56 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.