Cubist Systematic Strategies LLC lifted its stake in shares of Southwestern Energy (NYSE:SWN) by 229.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,367 shares of the energy company’s stock after buying an additional 69,903 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Southwestern Energy were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC grew its position in shares of Southwestern Energy by 26.1% during the first quarter. Guggenheim Capital LLC now owns 182,553 shares of the energy company’s stock worth $790,000 after buying an additional 37,755 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Southwestern Energy by 12.5% during the first quarter. California State Teachers Retirement System now owns 955,301 shares of the energy company’s stock worth $4,136,000 after buying an additional 105,969 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Southwestern Energy during the first quarter worth approximately $152,000. Ancora Advisors LLC grew its position in shares of Southwestern Energy by 87.5% during the first quarter. Ancora Advisors LLC now owns 150,000 shares of the energy company’s stock worth $649,000 after buying an additional 70,000 shares in the last quarter. Finally, Gargoyle Investment Advisor L.L.C. boosted its holdings in Southwestern Energy by 43.4% in the first quarter. Gargoyle Investment Advisor L.L.C. now owns 55,798 shares of the energy company’s stock worth $242,000 after purchasing an additional 16,898 shares during the period. 85.88% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on SWN shares. Citigroup downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a report on Tuesday, April 17th. Zacks Investment Research raised shares of Southwestern Energy from a “sell” rating to a “hold” rating in a report on Thursday, April 5th. Morgan Stanley decreased their price objective on shares of Southwestern Energy from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Friday, April 20th. UBS Group started coverage on shares of Southwestern Energy in a report on Wednesday, March 7th. They issued a “sell” rating and a $4.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $5.00 price objective on shares of Southwestern Energy in a report on Monday, March 19th. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Southwestern Energy presently has a consensus rating of “Hold” and an average price target of $6.18.
Shares of Southwestern Energy opened at $5.24 on Tuesday, according to Marketbeat Ratings. Southwestern Energy has a 1 year low of $3.42 and a 1 year high of $6.72. The firm has a market cap of $3.11 billion, a PE ratio of 11.91 and a beta of 0.82. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.03 and a quick ratio of 2.03.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, April 26th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Southwestern Energy had a net margin of 25.51% and a return on equity of 19.14%. The company had revenue of $920.00 million during the quarter, compared to the consensus estimate of $895.65 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. analysts anticipate that Southwestern Energy will post 0.79 earnings per share for the current year.
Southwestern Energy Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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