Amalgamated Bank Buys 22,559 Shares of Southwestern Energy Company (SWN)
Amalgamated Bank increased its stake in Southwestern Energy Company (NYSE:SWN) by 29.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,912 shares of the energy company’s stock after acquiring an additional 22,559 shares during the period. Amalgamated Bank’s holdings in Southwestern Energy were worth $595,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWN. Cleararc Capital Inc. grew its position in Southwestern Energy by 2.2% during the 1st quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock worth $100,000 after acquiring an additional 261 shares during the last quarter. Financial Counselors Inc. purchased a new position in Southwestern Energy in the 1st quarter worth approximately $101,000. Tudor Investment Corp ET AL purchased a new position in Southwestern Energy in the 1st quarter worth approximately $102,000. Cambridge Investment Research Advisors Inc. bought a new stake in Southwestern Energy in the first quarter valued at approximately $111,000. Finally, Partnervest Advisory Services LLC bought a new stake in Southwestern Energy in the second quarter valued at approximately $122,000. 89.55% of the stock is owned by institutional investors.
Southwestern Energy Company (SWN) opened at 6.26 on Tuesday. Southwestern Energy Company has a 1-year low of $5.00 and a 1-year high of $14.47. The company’s market cap is $3.12 billion. The stock has a 50 day moving average price of $5.65 and a 200 day moving average price of $6.40.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The business had revenue of $811.00 million for the quarter, compared to analysts’ expectations of $810.00 million. During the same period last year, the business earned ($0.09) EPS. The company’s revenue for the quarter was up 55.4% on a year-over-year basis. On average, equities research analysts anticipate that Southwestern Energy Company will post $0.54 EPS for the current fiscal year.
A number of brokerages have issued reports on SWN. Citigroup Inc. cut their price target on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Royal Bank Of Canada reiterated a “hold” rating and set a $10.00 target price on shares of Southwestern Energy in a report on Friday, July 14th. Barclays PLC reiterated a “hold” rating and set a $6.00 target price on shares of Southwestern Energy in a report on Friday, July 7th. Piper Jaffray Companies cut their target price on Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Finally, KeyCorp restated a “hold” rating on shares of Southwestern Energy in a report on Sunday, September 3rd. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. Southwestern Energy currently has an average rating of “Hold” and an average target price of $11.57.
Southwestern Energy Profile
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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