CWA Asset Management Group LLC Makes New Investment in Southwestern Energy (NYSE:SWN)

CWA Asset Management Group LLC purchased a new stake in shares of Southwestern Energy (NYSE:SWNFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,231 shares of the energy company’s stock, valued at approximately $270,000.

A number of other institutional investors also recently modified their holdings of the stock. Pingora Partners LLC acquired a new stake in Southwestern Energy in the 4th quarter worth approximately $30,000. Parkside Financial Bank & Trust boosted its stake in shares of Southwestern Energy by 481.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after purchasing an additional 3,854 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Southwestern Energy during the third quarter worth approximately $39,000. Lindbrook Capital LLC raised its position in Southwestern Energy by 30.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,564 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Southwestern Energy by 555.0% in the fourth quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company’s stock valued at $50,000 after buying an additional 6,460 shares during the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Trading Up 0.7 %

SWN stock opened at $7.28 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.83. The business has a 50-day simple moving average of $7.43 and a two-hundred day simple moving average of $6.94. Southwestern Energy has a 52-week low of $4.87 and a 52-week high of $7.80.

Southwestern Energy (NYSE:SWNGet Free Report) last announced its earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. During the same period in the prior year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was down 33.1% compared to the same quarter last year. Equities analysts forecast that Southwestern Energy will post 0.59 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on SWN shares. Stifel Nicolaus lifted their target price on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Scotiabank cut Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $9.00 to $9.50 in a research report on Thursday, April 11th. Piper Sandler reissued a “neutral” rating and issued a $7.00 target price (down from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Susquehanna increased their price target on shares of Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. Finally, Mizuho increased their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Southwestern Energy presently has a consensus rating of “Hold” and an average target price of $8.25.

Check Out Our Latest Stock Analysis on Southwestern Energy

About Southwestern Energy

(Free Report)

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.

See Also

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

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