Teza Capital Management LLC acquired a new position in shares of Southwestern Energy (NYSE:SWN – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 21,296 shares of the energy company’s stock, valued at approximately $130,000.
Several other institutional investors also recently bought and sold shares of the business. Trexquant Investment LP purchased a new stake in Southwestern Energy during the third quarter worth approximately $4,137,000. Peconic Partners LLC purchased a new stake in Southwestern Energy during the third quarter worth approximately $612,000. Prelude Capital Management LLC grew its stake in Southwestern Energy by 35.6% during the third quarter. Prelude Capital Management LLC now owns 563,140 shares of the energy company’s stock worth $3,446,000 after buying an additional 147,969 shares during the period. Pearl River Capital LLC purchased a new stake in Southwestern Energy during the third quarter worth approximately $1,241,000. Finally, Petrus Trust Company LTA purchased a new stake in Southwestern Energy during the third quarter worth approximately $73,000. 82.26% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Piper Sandler decreased their price objective on shares of Southwestern Energy from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, March 7th. BMO Capital Markets reduced their target price on shares of Southwestern Energy from $7.00 to $6.00 in a research report on Monday. Benchmark cut shares of Southwestern Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 23rd. Citigroup cut shares of Southwestern Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $10.00 to $6.50 in a research report on Wednesday, December 7th. Finally, TheStreet raised shares of Southwestern Energy from a “d+” rating to a “c” rating in a research report on Friday, February 24th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Southwestern Energy has an average rating of “Moderate Buy” and a consensus target price of $8.91.
Southwestern Energy Stock Down 2.6 %
Southwestern Energy (NYSE:SWN – Get Rating) last issued its earnings results on Friday, February 24th. The energy company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $2.50 billion. Southwestern Energy had a return on equity of 87.78% and a net margin of 12.32%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share. Equities analysts anticipate that Southwestern Energy will post 1.02 EPS for the current year.
Southwestern Energy Profile
Southwestern Energy Co is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P), and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P.
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