Bleakley Financial Group LLC Cuts Stock Position in Southwestern Energy (NYSE:SWN)

Bleakley Financial Group LLC lessened its stake in Southwestern Energy (NYSE:SWN) by 18.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 26,153 shares of the energy company’s stock after selling 5,850 shares during the quarter. Bleakley Financial Group LLC’s holdings in Southwestern Energy were worth $186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWN. Price T Rowe Associates Inc. MD boosted its holdings in Southwestern Energy by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock worth $298,381,000 after acquiring an additional 4,968,002 shares in the last quarter. Maven Securities LTD acquired a new stake in Southwestern Energy in the second quarter worth about $756,000. Quantbot Technologies LP acquired a new stake in Southwestern Energy in the first quarter worth about $583,000. Gamco Investors INC. ET AL acquired a new stake in Southwestern Energy in the first quarter worth about $152,000. Finally, Seven Eight Capital LP boosted its holdings in Southwestern Energy by 189.8% in the first quarter. Seven Eight Capital LP now owns 195,791 shares of the energy company’s stock worth $1,484,000 after acquiring an additional 128,221 shares in the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SWN shares. UBS Group lowered their price target on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Susquehanna lowered their price target on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Monday, August 19th. StockNews.com began coverage on Southwestern Energy in a report on Friday, October 18th. They issued a “sell” rating for the company. Wolfe Research began coverage on Southwestern Energy in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Scotiabank decreased their target price on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Southwestern Energy has a consensus rating of “Hold” and a consensus price target of $7.98.

Southwestern Energy Price Performance

Shares of SWN stock opened at $7.11 on Friday. The stock has a 50 day moving average of $6.65 and a 200 day moving average of $6.88. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. The stock has a market cap of $7.84 billion, a P/E ratio of -4.09 and a beta of 1.12. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. Southwestern Energy’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the business earned $0.09 earnings per share. As a group, sell-side analysts expect that Southwestern Energy will post 0.56 EPS for the current 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.