Glenorchy Capital Ltd Acquires New Holdings in Southwestern Energy (NYSE:SWN)

Glenorchy Capital Ltd purchased a new stake in Southwestern Energy (NYSE:SWN) during the 4th quarter, HoldingsChannel reports. The fund purchased 197,011 shares of the energy company’s stock, valued at approximately $1,290,000.

Several other institutional investors have also bought and sold shares of SWN. Kimmeridge Energy Management Company LLC acquired a new stake in Southwestern Energy in the 4th quarter valued at $120,352,000. FMR LLC boosted its stake in Southwestern Energy by 32.3% in the third 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 in the last quarter. Mackenzie Financial Corp boosted its stake in Southwestern Energy by 11,994.8% in the third quarter. Mackenzie Financial Corp now owns 2,803,943 shares of the energy company’s stock worth $17,132,000 after purchasing an additional 2,780,760 shares in the last quarter. Invesco Ltd. boosted its stake in Southwestern Energy by 13.7% in the third quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock worth $146,644,000 after purchasing an additional 2,744,656 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new position in Southwestern Energy in the third quarter worth $10,257,000. Institutional investors and hedge funds own 86.97% of the company’s stock.

Wall Street Analysts Forecast Growth

SWN has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research note on Friday, January 12th. Seaport Res Ptn lowered Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Mizuho raised Southwestern Energy from an “underperform” rating to a “neutral” rating and upped their price target for the company from $6.00 to $9.00 in a research note on Monday, February 26th. Stifel Nicolaus upped their price target on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research note on Tuesday. Finally, Susquehanna upped their price target on Southwestern Energy from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Southwestern Energy currently has an average rating of “Hold” and a consensus price target of $8.14.

Southwestern Energy Trading Down 0.2 %

NYSE SWN traded down $0.02 on Tuesday, reaching $7.39. The company had a trading volume of 12,218,792 shares, compared to its average volume of 17,129,746. The stock’s 50 day moving average is $7.17 and its 200-day moving average is $6.84. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 5.24 and a beta of 1.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.67. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.69.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was down 49.9% compared to the same quarter last year. Equities analysts predict that Southwestern Energy will post 0.61 earnings per share for the current year.

About Southwestern Energy

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.