Southwestern Energy Company (SWN) Shares Sold by Cannell Peter B & Co. Inc.
Cannell Peter B & Co. Inc. cut its stake in shares of Southwestern Energy Company (NYSE:SWN) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 350,150 shares of the energy company’s stock after selling 69,362 shares during the quarter. Cannell Peter B & Co. Inc. owned approximately 0.07% of Southwestern Energy worth $2,139,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of SWN. Tudor Investment Corp ET AL bought a new position in shares of Southwestern Energy in the first quarter valued at $102,000. Zacks Investment Management bought a new position in shares of Southwestern Energy in the second quarter valued at $105,000. Cetera Investment Advisers bought a new position in shares of Southwestern Energy in the second quarter valued at $108,000. MML Investors Services LLC lifted its stake in shares of Southwestern Energy by 5.3% in the second quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock valued at $109,000 after buying an additional 900 shares in the last quarter. Finally, Partnervest Advisory Services LLC bought a new position in shares of Southwestern Energy in the second quarter valued at $122,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.
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SWN has been the topic of a number of recent research reports. KeyCorp reaffirmed a “hold” rating on shares of Southwestern Energy in a research note on Sunday, September 3rd. Cowen and Company reissued a “buy” rating and set a $9.00 price target on shares of Southwestern Energy in a research report on Tuesday, September 12th. Scotiabank set a $8.00 price target on shares of Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, October 21st. Barclays PLC dropped their price target on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Southwestern Energy in a research report on Thursday, September 14th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. Southwestern Energy currently has a consensus rating of “Hold” and an average target price of $11.00.
Shares of Southwestern Energy Company (SWN) traded up $0.11 on Wednesday, hitting $6.30. 6,599,089 shares of the stock were exchanged, compared to its average volume of 17,584,029. The company has a market cap of $3,200.00, a price-to-earnings ratio of 15.65 and a beta of 1.17. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66. Southwestern Energy Company has a 1 year low of $4.90 and a 1 year high of $12.85.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The business had revenue of $737.00 million during the quarter, compared to the consensus estimate of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. equities research analysts forecast that Southwestern Energy Company will post 0.46 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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