Southwestern Energy Sees Unusually High Options Volume (NYSE:SWN)

Southwestern Energy (NYSE:SWNGet Rating) saw some unusual options trading activity on Wednesday. Traders acquired 21,355 put options on the stock. This is an increase of 10% compared to the typical volume of 19,431 put options.

Analyst Ratings Changes

Several equities analysts recently weighed in on SWN shares. Truist Financial raised shares of Southwestern Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $7.00 to $11.00 in a research note on Monday, October 3rd. Jefferies Financial Group initiated coverage on shares of Southwestern Energy in a research note on Wednesday, October 19th. They issued a “buy” rating and a $11.00 price objective for the company. Raymond James dropped their price objective on shares of Southwestern Energy from $10.50 to $9.00 and set an “outperform” rating for the company in a research note on Monday, October 24th. Citigroup lifted their price objective on shares of Southwestern Energy from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 21st. Finally, StockNews.com initiated coverage on shares of Southwestern Energy in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.16.

Hedge Funds Weigh In On Southwestern Energy

Several institutional investors and hedge funds have recently modified their holdings of SWN. D.A. Davidson & CO. boosted its stake in Southwestern Energy by 7.2% in the first quarter. D.A. Davidson & CO. now owns 24,715 shares of the energy company’s stock valued at $177,000 after acquiring an additional 1,668 shares in the last quarter. Buckingham Strategic Partners boosted its stake in shares of Southwestern Energy by 7.2% during the third quarter. Buckingham Strategic Partners now owns 25,204 shares of the energy company’s stock worth $154,000 after buying an additional 1,687 shares during the period. Inspire Investing LLC boosted its stake in shares of Southwestern Energy by 5.3% during the second quarter. Inspire Investing LLC now owns 34,384 shares of the energy company’s stock worth $215,000 after buying an additional 1,724 shares during the period. IFP Advisors Inc boosted its stake in shares of Southwestern Energy by 201.0% during the third quarter. IFP Advisors Inc now owns 2,829 shares of the energy company’s stock worth $34,000 after buying an additional 1,889 shares during the period. Finally, Counterpoint Mutual Funds LLC boosted its stake in shares of Southwestern Energy by 10.6% during the third quarter. Counterpoint Mutual Funds LLC now owns 19,893 shares of the energy company’s stock worth $122,000 after buying an additional 1,903 shares during the period. Hedge funds and other institutional investors own 82.32% of the company’s stock.

Southwestern Energy Stock Performance

NYSE SWN opened at $7.22 on Friday. The stock has a 50-day simple moving average of $6.76 and a two-hundred day simple moving average of $7.11. The firm has a market capitalization of $8.05 billion, a P/E ratio of 5.31 and a beta of 1.26. Southwestern Energy has a fifty-two week low of $3.81 and a fifty-two week high of $9.87. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.37 and a current ratio of 0.37.

Southwestern Energy (NYSE:SWNGet Rating) last released its quarterly earnings data on Friday, October 28th. The energy company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Southwestern Energy had a return on equity of 122.25% and a net margin of 8.98%. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $0.24 EPS. The company’s revenue was up 184.2% on a year-over-year basis. On average, equities analysts forecast that Southwestern Energy will post 1.34 earnings per share for the current year.

About Southwestern Energy

(Get Rating)

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.

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