AMG National Trust Bank Has $1.58 Million Position in Southwestern Energy Company (SWN)
AMG National Trust Bank increased its stake in Southwestern Energy Company (NYSE:SWN) by 325.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 258,138 shares of the energy company’s stock after purchasing an additional 197,465 shares during the quarter. AMG National Trust Bank owned approximately 0.05% of Southwestern Energy worth $1,578,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Smith Moore & CO. acquired a new stake in Southwestern Energy in the 3rd quarter worth approximately $202,000. American Century Companies Inc. lifted its holdings in Southwestern Energy by 264.4% in the 3rd quarter. American Century Companies Inc. now owns 351,233 shares of the energy company’s stock worth $2,146,000 after purchasing an additional 254,834 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Southwestern Energy by 29.7% in the 3rd quarter. State of Wisconsin Investment Board now owns 137,154 shares of the energy company’s stock worth $838,000 after purchasing an additional 31,446 shares during the last quarter. Stevens Capital Management LP acquired a new stake in Southwestern Energy in the 3rd quarter worth approximately $135,000. Finally, Wedge Capital Management L L P NC lifted its holdings in Southwestern Energy by 17.3% in the 3rd quarter. Wedge Capital Management L L P NC now owns 2,443,040 shares of the energy company’s stock worth $14,927,000 after purchasing an additional 360,296 shares during the last quarter. Hedge funds and other institutional investors own 89.51% of the company’s stock.
A number of research analysts have recently commented on the company. Royal Bank Of Canada set a $8.00 price target on Southwestern Energy and gave the stock a “hold” rating in a report on Tuesday, August 8th. Scotiabank set a $8.00 price target on Southwestern Energy and gave the stock a “hold” rating in a report on Monday, August 7th. Piper Jaffray Companies cut their price target on Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, September 18th. Cowen and Company set a $9.00 price target on Southwestern Energy and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Wolfe Research upgraded Southwestern Energy from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $6.00 to $7.00 in a report on Wednesday, September 20th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.95.
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Southwestern Energy Company (NYSE SWN) traded up $0.33 during trading on Tuesday, reaching $6.18. The company’s stock had a trading volume of 20,713,922 shares, compared to its average volume of 15,260,000. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $3,150.00, a price-to-earnings ratio of 14.63 and a beta of 1.17. Southwestern Energy Company has a one year low of $4.90 and a one year high of $12.85.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The firm had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. During the same period last year, the company earned $0.03 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. equities analysts forecast that Southwestern Energy Company will post 0.49 EPS 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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