Alliancebernstein L.P. lowered its position in Southwestern Energy Company (NYSE:SWN) by 60.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,456 shares of the energy company’s stock after selling 479,439 shares during the quarter. Alliancebernstein L.P. owned approximately 0.06% of Southwestern Energy worth $1,869,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in SWN. Tudor Investment Corp ET AL purchased a new stake in Southwestern Energy during the first quarter worth $102,000. Cambridge Investment Research Advisors Inc. purchased a new position in Southwestern Energy in the 1st quarter worth $111,000. Partnervest Advisory Services LLC purchased a new position in Southwestern Energy in the 2nd quarter worth $122,000. HRT Financial LLC purchased a new position in Southwestern Energy in the 2nd quarter worth $127,000. Finally, Stifel Financial Corp raised its stake in Southwestern Energy by 38.2% in the 1st quarter. Stifel Financial Corp now owns 17,170 shares of the energy company’s stock worth $140,000 after acquiring an additional 4,746 shares during the last quarter. 89.49% of the stock is currently owned by institutional investors.
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Southwestern Energy Company (SWN) opened at 5.44 on Friday. Southwestern Energy Company has a 52 week low of $5.00 and a 52 week high of $12.85. The company’s 50 day moving average is $5.79 and its 200-day moving average is $6.14. The firm’s market cap is $2.71 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 25.88%. The company had revenue of $737.00 million for the quarter, compared to analysts’ expectations of $773.99 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts expect that Southwestern Energy Company will post $0.48 earnings per share for the current year.
A number of equities research analysts have recently commented on the company. Cowen and Company set a $9.00 target price on Southwestern Energy and gave the company a “buy” rating in a research report on Wednesday, July 19th. KeyCorp restated a “hold” rating on shares of Southwestern Energy in a research report on Sunday, September 3rd. Citigroup Inc. dropped their target price on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. BidaskClub upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Southwestern Energy has an average rating of “Hold” and an average target price of $10.90.
About Southwestern Energy
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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