Invenomic Capital Management LP Acquires 1,803 Shares of Southwestern Energy (NYSE:SWN)

Invenomic Capital Management LP grew its position in Southwestern Energy (NYSE:SWN) by 0.1% during the first quarter, HoldingsChannel reports. The firm owned 2,457,067 shares of the energy company’s stock after buying an additional 1,803 shares during the period. Invenomic Capital Management LP’s holdings in Southwestern Energy were worth $18,625,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SWN. SG Americas Securities LLC boosted its stake in shares of Southwestern Energy by 157.0% in the 4th quarter. SG Americas Securities LLC now owns 138,909 shares of the energy company’s stock valued at $910,000 after purchasing an additional 84,869 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Southwestern Energy by 5.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 79,883 shares of the energy company’s stock valued at $523,000 after purchasing an additional 4,404 shares during the last quarter. Spirit of America Management Corp NY bought a new stake in shares of Southwestern Energy in the 4th quarter valued at $98,000. apricus wealth LLC bought a new stake in shares of Southwestern Energy in the 4th quarter valued at $69,000. Finally, DAVENPORT & Co LLC bought a new stake in shares of Southwestern Energy in the 4th quarter valued at $324,000. 86.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SWN. Susquehanna reduced their price objective on shares of Southwestern Energy from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Mizuho boosted their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Piper Sandler reiterated a “neutral” rating and set a $7.00 target price (down previously from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. StockNews.com initiated coverage on shares of Southwestern Energy in a research report on Thursday, July 25th. They set a “hold” rating on the stock. Finally, Wolfe Research initiated coverage on shares of Southwestern Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.42.

Southwestern Energy Stock Down 0.2 %

SWN traded down $0.01 during trading on Tuesday, hitting $6.44. 28,714,278 shares of the company’s stock were exchanged, compared to its average volume of 16,806,688. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $6.94 and its two-hundred day moving average is $7.02. Southwestern Energy has a fifty-two week low of $5.93 and a fifty-two week high of $7.80. The stock has a market cap of $7.10 billion, a P/E ratio of -3.70 and a beta of 1.17.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.29 billion. Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The business’s quarterly revenue was down 33.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, equities analysts expect that Southwestern Energy will post 0.58 earnings per share for the current fiscal year.

Southwestern Energy Profile

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.