Picton Mahoney Asset Management Buys New Position in Southwestern Energy (NYSE:SWN)

Picton Mahoney Asset Management bought a new stake in shares of Southwestern Energy (NYSE:SWN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 372,026 shares of the energy company’s stock, valued at approximately $2,438,000.

A number of other hedge funds also recently modified their holdings of SWN. Kimmeridge Energy Management Company LLC bought a new stake in shares of Southwestern Energy in the 4th quarter worth approximately $120,352,000. FMR LLC lifted its position in shares of Southwestern Energy by 32.3% during the 3rd quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock worth $256,613,000 after buying an additional 9,709,483 shares during the period. Mackenzie Financial Corp lifted its position in shares of Southwestern Energy by 11,994.8% during the 3rd quarter. Mackenzie Financial Corp now owns 2,803,943 shares of the energy company’s stock worth $17,132,000 after buying an additional 2,780,760 shares during the period. Invesco Ltd. lifted its position in shares of Southwestern Energy by 13.7% during the 3rd quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock worth $146,644,000 after buying an additional 2,744,656 shares during the period. Finally, Chartwell Investment Partners LLC bought a new position in shares of Southwestern Energy during the 3rd quarter worth approximately $10,257,000. Institutional investors own 86.97% of the company’s stock.

Southwestern Energy Trading Down 1.6 %

Shares of Southwestern Energy stock traded down $0.12 during trading on Wednesday, reaching $7.26. 12,246,998 shares of the company were exchanged, compared to its average volume of 17,011,180. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.83. Southwestern Energy has a twelve month low of $4.67 and a twelve month high of $7.80. The business has a 50-day moving average price of $7.31 and a 200-day moving average price of $6.88. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of -4.24 and a beta of 1.15.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was down 33.1% on a year-over-year basis. Sell-side analysts anticipate that Southwestern Energy will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SWN has been the subject of several analyst reports. UBS Group raised their target price on Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. StockNews.com began coverage on Southwestern Energy in a report on Monday. They set a “hold” rating for the company. Scotiabank cut Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and raised their price target for the company from $9.00 to $9.50 in a report on Thursday, April 11th. Stifel Nicolaus raised their price target on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Finally, Mizuho raised Southwestern Energy from an “underperform” rating to a “neutral” rating and raised their price target for the company from $6.00 to $9.00 in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Southwestern Energy currently has an average rating of “Hold” and an average price target of $8.14.

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.