Riverpark Capital Management LLC Lowers Holdings in Southwestern Energy Company (SWN)

Riverpark Capital Management LLC decreased its stake in Southwestern Energy Company (NYSE:SWN) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,383,839 shares of the energy company’s stock after selling 238,292 shares during the period. Riverpark Capital Management LLC owned 0.27% of Southwestern Energy worth $8,455,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Zacks Investment Management bought a new stake in Southwestern Energy in the second quarter worth about $105,000. Cetera Investment Advisers bought a new stake in Southwestern Energy in the second quarter worth about $108,000. MML Investors Services LLC raised its position in Southwestern Energy by 5.3% in the second quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock worth $109,000 after acquiring an additional 900 shares during the period. Partnervest Advisory Services LLC bought a new stake in Southwestern Energy in the second quarter worth about $122,000. Finally, Sciencast Management LP bought a new stake in Southwestern Energy in the second quarter worth about $126,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Southwestern Energy Company (NYSE:SWN) traded down $0.30 during mid-day trading on Friday, reaching $5.53. 28,312,600 shares of the company’s stock were exchanged, compared to its average volume of 17,529,396. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66. Southwestern Energy Company has a fifty-two week low of $4.90 and a fifty-two week high of $12.82. The stock has a market cap of $2,987.44, a PE ratio of 14.57 and a beta of 1.23.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings results 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 return on equity of 23.99% and a net margin of 16.31%. The company had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $773.99 million. During the same period in the prior year, the firm earned $0.03 EPS. Southwestern Energy’s quarterly revenue was up 13.2% on a year-over-year basis. sell-side analysts forecast that Southwestern Energy Company will post 0.45 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on SWN shares. Piper Jaffray Companies set a $8.00 target price on shares of Southwestern Energy and gave the stock a “hold” rating in a research note on Thursday, August 24th. BidaskClub upgraded shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. KeyCorp reiterated a “hold” rating on shares of Southwestern Energy in a research note on Sunday, September 3rd. Cowen reiterated a “buy” rating and issued a $9.00 target price on shares of Southwestern Energy in a research note on Tuesday, September 12th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Southwestern Energy in a research note on Thursday, September 14th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.00.

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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.

Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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