Southwestern Energy (NYSE:SWN) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Southwestern Energy (NYSE:SWN) by 21.4% during the 4th quarter, HoldingsChannel reports. The fund owned 266,271 shares of the energy company’s stock after selling 72,460 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Southwestern Energy were worth $1,744,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SWN. Kimmeridge Energy Management Company LLC purchased a new stake in Southwestern Energy in the fourth quarter valued at $120,352,000. FMR LLC increased its position in shares of Southwestern Energy by 32.3% during the 3rd quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock worth $256,613,000 after purchasing an additional 9,709,483 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Southwestern Energy by 11,994.8% in the 3rd quarter. Mackenzie Financial Corp now owns 2,803,943 shares of the energy company’s stock valued at $17,132,000 after buying an additional 2,780,760 shares during the period. Invesco Ltd. lifted its position in Southwestern Energy by 13.7% in the third quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock valued at $146,644,000 after buying an additional 2,744,656 shares during the last quarter. Finally, Chartwell Investment Partners LLC purchased a new position in Southwestern Energy during the third quarter worth about $10,257,000. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SWN. Seaport Res Ptn downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Stifel Nicolaus boosted their target price on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research report on Tuesday. Mizuho upgraded Southwestern Energy from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $6.00 to $9.00 in a research report on Monday, February 26th. UBS Group boosted their price objective on Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a report on Thursday, January 18th. Finally, Susquehanna raised their target price on Southwestern Energy from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.14.

Southwestern Energy Stock Performance

Shares of SWN opened at $7.60 on Thursday. Southwestern Energy has a 1 year low of $4.57 and a 1 year high of $7.69. The stock has a market capitalization of $8.37 billion, a PE ratio of 5.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50-day simple moving average of $7.20 and a 200-day simple moving average of $6.85.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue was down 49.9% compared to the same quarter last year. On average, analysts predict that Southwestern Energy will post 0.6 earnings per share for the current fiscal year.

Southwestern Energy Company Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.