Southwestern Energy (NYSE:SWN) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 62,526,509 shares, an increase of 9.5% from the February 15th total of 57,093,251 shares. Based on an average trading volume of 19,178,404 shares, the days-to-cover ratio is currently 3.3 days. Approximately 16.4% of the shares of the stock are short sold.
Several research firms recently weighed in on SWN. Cowen set a $5.00 price objective on Southwestern Energy and gave the company a “buy” rating in a report on Thursday, February 8th. UBS began coverage on Southwestern Energy in a report on Wednesday, March 7th. They set a “sell” rating and a $4.00 price objective on the stock. Zacks Investment Research raised Southwestern Energy from a “sell” rating to a “hold” rating in a report on Thursday. Credit Suisse Group cut their price objective on Southwestern Energy from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Finally, TheStreet raised Southwestern Energy from a “d” rating to a “c-” rating in a report on Thursday, March 1st. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.76.
Several hedge funds have recently bought and sold shares of SWN. Encompass Capital Advisors LLC increased its position in Southwestern Energy by 10.9% in the 4th quarter. Encompass Capital Advisors LLC now owns 8,800,000 shares of the energy company’s stock valued at $49,104,000 after buying an additional 862,553 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in Southwestern Energy by 0.8% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 6,879,426 shares of the energy company’s stock valued at $38,387,000 after buying an additional 51,514 shares in the last quarter. Bank of New York Mellon Corp increased its position in Southwestern Energy by 10.0% in the 4th quarter. Bank of New York Mellon Corp now owns 6,678,572 shares of the energy company’s stock valued at $37,267,000 after buying an additional 604,783 shares in the last quarter. Russell Investments Group Ltd. increased its position in Southwestern Energy by 6.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,744,841 shares of the energy company’s stock valued at $28,991,000 after buying an additional 308,147 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Southwestern Energy by 1.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,479,965 shares of the energy company’s stock valued at $19,419,000 after buying an additional 45,986 shares in the last quarter. 80.67% of the stock is owned by hedge funds and other institutional investors.
Shares of SWN stock traded down $0.15 during mid-day trading on Friday, hitting $4.26. The company’s stock had a trading volume of 11,835,803 shares, compared to its average volume of 15,992,299. Southwestern Energy has a 52 week low of $3.42 and a 52 week high of $8.55. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.22. The firm has a market cap of $2,588.95, a PE ratio of 9.68 and a beta of 0.79.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, March 1st. The energy company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Southwestern Energy had a return on equity of 21.54% and a net margin of 30.57%. The firm had revenue of $809.00 million during the quarter, compared to analyst estimates of $802.77 million. During the same period last year, the company posted $0.08 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. analysts forecast that Southwestern Energy will post 0.73 earnings per share for the current year.
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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.
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