Southwestern Energy (SWN) Shares Gap Down to $5.50

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Shares of Southwestern Energy (NYSE:SWN) gapped down before the market opened on Thursday . The stock had previously closed at $5.63, but opened at $5.50. Southwestern Energy shares last traded at $5.32, with a volume of 22432908 shares trading hands.

Several brokerages recently commented on SWN. Morgan Stanley set a $4.00 price objective on shares of Southwestern Energy and gave the company a “sell” rating in a research report on Friday. Macquarie set a $7.00 price target on shares of Southwestern Energy and gave the company a “hold” rating in a report on Wednesday, September 26th. BMO Capital Markets downgraded shares of Southwestern Energy from an “outperform” rating to a “market perform” rating and set a $7.00 price target on the stock. in a report on Thursday, September 6th. Johnson Rice downgraded shares of Southwestern Energy from a “buy” rating to an “accumulate” rating in a report on Wednesday, August 15th. Finally, Citigroup raised their price target on shares of Southwestern Energy from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Monday, August 13th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $5.72.

The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $3.00 billion, a PE ratio of 12.14 and a beta of 0.87.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 2nd. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Southwestern Energy had a net margin of 18.37% and a return on equity of 17.78%. The firm had revenue of $816.00 million for the quarter, compared to the consensus estimate of $809.41 million. During the same quarter last year, the firm posted $0.08 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts predict that Southwestern Energy will post 0.9 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Fox Run Management L.L.C. bought a new position in shares of Southwestern Energy in the 3rd quarter worth approximately $101,000. Nisa Investment Advisors LLC lifted its stake in shares of Southwestern Energy by 2,836.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,705 shares of the energy company’s stock worth $110,000 after purchasing an additional 20,000 shares during the period. US Bancorp DE lifted its stake in shares of Southwestern Energy by 222.5% in the 2nd quarter. US Bancorp DE now owns 23,962 shares of the energy company’s stock worth $127,000 after purchasing an additional 16,533 shares during the period. Creative Planning bought a new position in shares of Southwestern Energy in the 2nd quarter worth approximately $169,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Southwestern Energy in the 2nd quarter worth approximately $175,000. Hedge funds and other institutional investors own 90.80% of the company’s stock.

About Southwestern Energy (NYSE:SWN)

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.

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