Southwestern Energy Sees Unusually High Options Volume (NYSE:SWN)

Southwestern Energy (NYSE:SWNGet Rating) was the target of unusually large options trading on Wednesday. Traders bought 21,355 put options on the company. This represents an increase of 10% compared to the typical volume of 19,431 put options.

Southwestern Energy Price Performance

NYSE:SWN traded down $0.01 during midday trading on Wednesday, hitting $7.17. 845,797 shares of the stock were exchanged, compared to its average volume of 27,615,344. Southwestern Energy has a one year low of $3.81 and a one year high of $9.87. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 5.43 and a beta of 1.26. The business has a 50-day moving average price of $6.78 and a two-hundred day moving average price of $7.11. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 3.43.

Southwestern Energy (NYSE:SWNGet Rating) last announced its earnings results on Friday, October 28th. The energy company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Southwestern Energy had a return on equity of 122.25% and a net margin of 8.98%. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was up 184.2% compared to the same quarter last year. Sell-side analysts predict that Southwestern Energy will post 1.34 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Southwestern Energy by 8.8% in the first quarter. BlackRock Inc. now owns 168,740,952 shares of the energy company’s stock worth $1,209,872,000 after buying an additional 13,696,595 shares during the last quarter. Vanguard Group Inc. grew its position in Southwestern Energy by 7.9% in the first quarter. Vanguard Group Inc. now owns 128,222,158 shares of the energy company’s stock worth $919,352,000 after buying an additional 9,410,861 shares during the last quarter. State Street Corp grew its position in Southwestern Energy by 21.5% in the first quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock worth $401,047,000 after buying an additional 9,882,224 shares during the last quarter. Renaissance Technologies LLC grew its position in Southwestern Energy by 3,154.9% in the second quarter. Renaissance Technologies LLC now owns 33,712,025 shares of the energy company’s stock worth $210,700,000 after buying an additional 32,676,300 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its position in Southwestern Energy by 12.3% in the third quarter. Disciplined Growth Investors Inc. MN now owns 31,014,790 shares of the energy company’s stock worth $189,811,000 after buying an additional 3,400,863 shares during the last quarter. Institutional investors and hedge funds own 82.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SWN shares. Citigroup raised their target price on shares of Southwestern Energy from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, September 21st. Truist Financial raised shares of Southwestern Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $7.00 to $11.00 in a report on Monday, October 3rd. Jefferies Financial Group started coverage on shares of Southwestern Energy in a report on Wednesday, October 19th. They issued a “buy” rating and a $11.00 target price on the stock. Morgan Stanley cut their target price on shares of Southwestern Energy from $8.00 to $7.50 and set an “equal weight” rating on the stock in a report on Monday, August 29th. Finally, Royal Bank of Canada raised their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a report on Monday, August 15th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.16.

Southwestern Energy Company Profile

(Get Rating)

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.

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