Oakworth Capital Inc. Makes New Investment in Southwestern Energy (NYSE:SWN)

Oakworth Capital Inc. purchased a new position in Southwestern Energy (NYSE:SWN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 28,090 shares of the energy company’s stock, valued at approximately $184,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its position in shares of Southwestern Energy by 4,550.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,735,368 shares of the energy company’s stock valued at $108,678,000 after purchasing an additional 21,268,002 shares during the period. Kimmeridge Energy Management Company LLC bought a new stake in shares of Southwestern Energy during the fourth quarter valued at approximately $120,352,000. Invesco Ltd. increased its position in shares of Southwestern Energy by 269.1% during the first quarter. Invesco Ltd. now owns 13,958,070 shares of the energy company’s stock valued at $100,079,000 after purchasing an additional 10,175,992 shares during the period. State Street Corp increased its position in shares of Southwestern Energy by 21.5% during the first quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock valued at $401,047,000 after purchasing an additional 9,882,224 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Southwestern Energy by 61.6% during the first quarter. Renaissance Technologies LLC now owns 25,513,925 shares of the energy company’s stock valued at $127,570,000 after purchasing an additional 9,729,900 shares during the period. 86.97% of the stock is owned by institutional investors.

Southwestern Energy Trading Up 0.3 %

NYSE:SWN opened at $7.29 on Thursday. Southwestern Energy has a 1-year low of $4.57 and a 1-year high of $7.69. The business’s 50-day moving average price is $7.10 and its two-hundred day moving average price is $6.80. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 5.16 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was down 49.9% on a year-over-year basis. On average, equities analysts expect that Southwestern Energy will post 0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SWN. Citigroup boosted their price objective on Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a research report on Friday, January 12th. Susquehanna upped their price target on Southwestern Energy from $6.50 to $7.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $6.60 price target (down from $8.50) on shares of Southwestern Energy in a research report on Tuesday, January 23rd. UBS Group upped their price target on Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Finally, Mizuho upgraded Southwestern Energy from an “underperform” rating to a “neutral” rating and upped their price target for the company from $6.00 to $9.00 in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.11.

Southwestern Energy Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.