Payden & Rygel Investment Group Acquires New Position in Southwestern Energy (NYSE:SWN)

Payden & Rygel Investment Group bought a new position in Southwestern Energy (NYSE:SWN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,850 shares of the energy company’s stock, valued at approximately $75,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rise Advisors LLC bought a new stake in shares of Southwestern Energy in the 1st quarter worth approximately $25,000. Pingora Partners LLC bought a new stake in Southwestern Energy in the fourth quarter valued at $30,000. Parkside Financial Bank & Trust boosted its holdings in shares of Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after acquiring an additional 3,854 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Southwestern Energy during the first quarter worth about $43,000. Finally, Lindbrook Capital LLC increased its holdings in shares of Southwestern Energy by 30.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,564 shares during the period. 86.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Mizuho increased their price objective on Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. StockNews.com began coverage on Southwestern Energy in a research report on Thursday. They issued a “hold” rating on the stock. Piper Sandler reiterated a “neutral” rating and set a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Finally, Wolfe Research initiated coverage on Southwestern Energy in a 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.42.

Southwestern Energy Price Performance

SWN stock traded down $0.04 during trading hours on Thursday, hitting $6.34. 37,578,587 shares of the stock traded hands, compared to its average volume of 16,353,628. The stock has a 50-day simple moving average of $7.00 and a 200 day simple moving average of $7.03. The company has a market cap of $6.99 billion, a P/E ratio of -3.64 and a beta of 1.17. Southwestern Energy has a one year low of $5.93 and a one year high of $7.80. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.83.

Southwestern Energy (NYSE:SWN) last posted 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). Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $0.31 EPS. The business’s revenue for the quarter was down 33.1% on a year-over-year basis. Equities analysts forecast that Southwestern Energy will post 0.61 earnings per share for the current year.

Southwestern Energy Company 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.