Southwestern Energy Company (SWN) Sees Significant Decrease in Short Interest
Southwestern Energy Company (NYSE:SWN) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 39,933,420 shares, a decrease of 5.6% from the August 31st total of 42,310,536 shares. Currently, 7.9% of the company’s stock are sold short. Based on an average trading volume of 17,326,635 shares, the short-interest ratio is currently 2.3 days.
Southwestern Energy (NYSE SWN) opened at 6.14 on Friday. The company has a 50 day moving average of $5.73 and a 200 day moving average of $6.39. Southwestern Energy has a 12 month low of $5.00 and a 12 month high of $14.38. The stock’s market capitalization is $3.06 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.08). The business had revenue of $811.00 million during the quarter, compared to analyst estimates of $810.00 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The business’s revenue for the quarter was up 55.4% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. On average, equities analysts predict that Southwestern Energy will post $0.53 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cleararc Capital Inc. boosted its holdings in Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after purchasing an additional 261 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in Southwestern Energy by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 92,056 shares of the energy company’s stock valued at $560,000 after purchasing an additional 341 shares in the last quarter. Mariner Wealth Advisors LLC boosted its holdings in Southwestern Energy by 2.6% in the second quarter. Mariner Wealth Advisors LLC now owns 21,009 shares of the energy company’s stock valued at $128,000 after purchasing an additional 541 shares in the last quarter. Advantus Capital Management Inc boosted its holdings in Southwestern Energy by 1.8% in the first quarter. Advantus Capital Management Inc now owns 50,051 shares of the energy company’s stock valued at $409,000 after purchasing an additional 863 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in Southwestern Energy by 5.3% in the second quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock valued at $109,000 after purchasing an additional 900 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have issued reports on SWN shares. Cowen and Company set a $9.00 target price on shares of Southwestern Energy and gave the stock a “buy” rating in a report on Wednesday, July 19th. KeyCorp reiterated a “hold” rating on shares of Southwestern Energy in a report on Sunday, September 3rd. Citigroup Inc. dropped their target price 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. BidaskClub upgraded shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $8.00 target price on shares of Southwestern Energy in a report on Tuesday, June 27th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. Southwestern Energy presently has an average rating of “Hold” and an average price target of $11.65.
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About Southwestern Energy
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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