Gardner Lewis Asset Management L P Buys New Position in Southwestern Energy (NYSE:SWN)

Gardner Lewis Asset Management L P purchased a new position in Southwestern Energy (NYSE:SWN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 227,500 shares of the energy company’s stock, valued at approximately $1,531,000.

A number of other institutional investors have also recently made changes to their positions in SWN. Rise Advisors LLC bought a new position in Southwestern Energy in the first quarter valued at $25,000. Pingora Partners LLC purchased a new position in shares of Southwestern Energy during the 4th quarter valued at about $30,000. Fidelis Capital Partners LLC purchased a new stake in Southwestern Energy in the first quarter worth approximately $43,000. Larson Financial Group LLC boosted its stake in Southwestern Energy by 4,752.1% in the second quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock worth $40,000 after buying an additional 5,750 shares in the last quarter. Finally, Payden & Rygel Investment Group bought a new position in Southwestern Energy during the first quarter valued at approximately $75,000. Institutional investors own 86.97% of the company’s stock.

Southwestern Energy Stock Up 0.6 %

Shares of NYSE SWN opened at $6.30 on Wednesday. The firm has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $6.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.53 and a current ratio of 0.53. Southwestern Energy has a 12 month low of $5.85 and a 12 month high of $7.80.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. Southwestern Energy’s revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. Equities research analysts expect that Southwestern Energy will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

SWN has been the subject of a number of research reports. Piper Sandler cut their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. StockNews.com assumed coverage on shares of Southwestern Energy in a research report on Wednesday, September 11th. They set a “sell” rating for the company. Scotiabank decreased their price objective on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Susquehanna lowered their target price on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Monday, August 19th. Finally, Wolfe Research started coverage on 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, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.50.

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.