Southwestern Energy Company (SWN) Shares Sold by Menta Capital LLC
Menta Capital LLC decreased its stake in shares of Southwestern Energy Company (NYSE:SWN) by 30.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,850 shares of the energy company’s stock after selling 8,650 shares during the period. Menta Capital LLC’s holdings in Southwestern Energy were worth $121,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Financial Counselors Inc. acquired a new position in Southwestern Energy during the 1st quarter valued at about $101,000. Tudor Investment Corp ET AL acquired a new position in Southwestern Energy during the 1st quarter valued at about $102,000. Cambridge Investment Research Advisors Inc. acquired a new position in Southwestern Energy during the 1st quarter valued at about $111,000. Stifel Financial Corp increased its stake in Southwestern Energy by 38.2% during the 1st quarter. Stifel Financial Corp now owns 17,170 shares of the energy company’s stock valued at $140,000 after buying an additional 4,746 shares during the period. Finally, Thrivent Financial For Lutherans increased its stake in Southwestern Energy by 9.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 18,250 shares of the energy company’s stock valued at $149,000 after buying an additional 1,570 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. Robert W. Baird reissued a “hold” rating and set a $8.00 target price on shares of Southwestern Energy in a research note on Tuesday, September 26th. Wolfe Research raised shares of Southwestern Energy from an “underperform” rating to a “market perform” rating and raised their target price for the company from $6.00 to $7.00 in a research note on Wednesday, September 20th. Piper Jaffray Companies lowered their target price on shares of Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating on shares of Southwestern Energy in a research note on Thursday, September 14th. Finally, Cowen and Company reissued a “buy” rating and set a $9.00 target price on shares of Southwestern Energy in a research note on Tuesday, September 12th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.65.
Shares of Southwestern Energy Company (NYSE:SWN) opened at 6.14 on Friday. The firm’s market capitalization is $3.06 billion. Southwestern Energy Company has a 12-month low of $5.00 and a 12-month high of $14.38. The company’s 50 day moving average is $5.73 and its 200 day moving average is $6.39.
Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The business had revenue of $811.00 million for the quarter, compared to the consensus estimate of $810.00 million. During the same period in the previous year, the company posted ($0.09) earnings per share. Southwestern Energy’s revenue for the quarter was up 55.4% compared to the same quarter last year. On average, analysts forecast that Southwestern Energy Company will post $0.53 earnings per share for the current year.
Southwestern Energy Profile
Southwestern Energy Company is an 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 in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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