Southwestern Energy Co. (SWN) Bonds Trading 1.5% Higher
An issue of Southwestern Energy Co. (NYSE:SWN) bonds rose 1.5% against their face value during trading on Tuesday. The high-yield issue of debt has a 5.8% coupon and is set to 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 sometimes predict parallel changes in its share price.
A number of analysts have recently weighed in on the stock. Mizuho reissued a “buy” rating and set a $20.00 price target on shares of Southwestern Energy in a research report on Wednesday, October 26th. KLR Group restated an “accumulate” rating and set a $14.00 price objective (down from $15.00) on shares of Southwestern Energy in a research note on Wednesday, October 26th. BMO Capital Markets restated a “hold” rating and set a $18.00 price objective on shares of Southwestern Energy in a research note on Friday, July 29th. Citigroup Inc. raised their price objective on Southwestern Energy from $8.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, Jefferies Group restated a “sell” rating on shares of Southwestern Energy in a research note on Monday, August 1st. Five analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.66.
Southwestern Energy Co. (NYSE:SWN) opened at 11.50 on Thursday. The firm has a 50-day moving average price of $11.37 and a 200 day moving average price of $13.00. The company’s market capitalization is $5.62 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 posted its quarterly earnings data on Thursday, October 20th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. The firm had revenue of $651 million for the quarter. Southwestern Energy had a negative return on equity of 2.58% and a negative net margin of 187.25%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. Analysts expect that Southwestern Energy Co. will post ($0.01) EPS for the current year.
In related news, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $14.34, for a total transaction of $172,080.00. Following the completion of the transaction, the director now directly owns 312,064 shares in the company, valued at $4,474,997.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.16% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. AXA boosted its position in shares of 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 period. Geode Capital Management LLC boosted its position 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 during the period. Babson Capital Management LLC bought a new position in shares of Southwestern Energy during the first quarter valued at approximately $1,106,000. BNP Paribas Arbitrage SA boosted its position 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 during the period. Finally, British Columbia Investment Management Corp boosted its position in shares of Southwestern Energy by 363.3% in the second quarter. British Columbia Investment Management Corp now owns 418,426 shares of the energy company’s stock valued at $5,264,000 after buying an additional 328,116 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.
About Southwestern Energy
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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