Southwestern Energy Co. (SWN) Bonds Rise 1.5% During Trading
An issue of Southwestern Energy Co. (NYSE:SWN) bonds rose 1.5% against their face value during trading on Monday. The high-yield debt issue has a 5.8% coupon and will mature on January 23, 2020. The debt is now trading at $100.50 and was trading at $96.92 last week. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.
SWN has been the subject of several analyst reports. BMO Capital Markets restated a “hold” rating and issued a $18.00 target price on shares of Southwestern Energy in a report on Friday, July 29th. KLR Group raised their target price on shares of Southwestern Energy from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, September 1st. Nomura restated a “neutral” rating and issued a $15.00 target price (up previously from $13.00) on shares of Southwestern Energy in a report on Monday, July 25th. National Securities upgraded shares of Southwestern Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.00 to $17.00 in a report on Monday, July 25th. Finally, Jefferies Group restated a “sell” rating on shares of Southwestern Energy in a report on Monday, August 1st. Five equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.66.
Southwestern Energy Co. (NYSE:SWN) traded up 6.17% during trading on Monday, hitting $11.19. 13,684,938 shares of the stock traded hands. The firm’s 50-day moving average is $11.51 and its 200-day moving average is $13.02. The stock’s market cap is $5.47 billion. Southwestern Energy Co. has a 12 month low of $5.00 and a 12 month high of $15.59.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, October 20th. The energy company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The company earned $651 million during the quarter. Southwestern Energy had a negative net margin of 187.25% and a negative return on equity of 2.58%. The firm’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 EPS.
In other Southwestern Energy news, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total value of $172,080.00. Following the transaction, the director now directly owns 312,064 shares in the company, valued at $4,474,997.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.16% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. AXA increased its stake in Southwestern Energy by 143.1% in the first quarter. AXA now owns 16,200 shares of the energy company’s stock valued at $131,000 after buying an additional 9,536 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Southwestern Energy by 3.9% in the first quarter. Geode Capital Management LLC now owns 3,175,453 shares of the energy company’s stock valued at $25,573,000 after buying an additional 117,987 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Southwestern Energy during the first quarter valued at $2,296,000. Babson Capital Management LLC bought a new stake in shares of Southwestern Energy during the first quarter valued at $1,106,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Southwestern Energy by 60.7% in the second quarter. BNP Paribas Arbitrage SA now owns 102,332 shares of the energy company’s stock valued at $1,287,000 after buying an additional 38,640 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.
Southwestern Energy Company Profile
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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