Southwestern Energy (NYSE:SWN) Position Cut by One Plus One Wealth Management LLC

One Plus One Wealth Management LLC trimmed its holdings in Southwestern Energy (NYSE:SWN) by 10.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,996 shares of the energy company’s stock after selling 3,440 shares during the quarter. One Plus One Wealth Management LLC’s holdings in Southwestern Energy were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lindbrook Capital LLC grew its holdings in Southwestern Energy by 30.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after buying an additional 1,564 shares in the last quarter. CWM LLC boosted its stake in Southwestern Energy by 17.8% during the 1st quarter. CWM LLC now owns 15,136 shares of the energy company’s stock valued at $115,000 after purchasing an additional 2,289 shares in the last quarter. Cerity Partners LLC boosted its stake in Southwestern Energy by 4.4% during the 4th quarter. Cerity Partners LLC now owns 57,931 shares of the energy company’s stock valued at $379,000 after purchasing an additional 2,443 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Southwestern Energy by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 608,536 shares of the energy company’s stock valued at $3,925,000 after purchasing an additional 2,878 shares in the last quarter. Finally, Intellectus Partners LLC boosted its stake in Southwestern Energy by 4.6% during the 4th quarter. Intellectus Partners LLC now owns 73,200 shares of the energy company’s stock valued at $479,000 after purchasing an additional 3,200 shares in the last quarter. 86.97% of the stock is owned by institutional investors.

Southwestern Energy Stock Performance

Shares of NYSE:SWN traded down $0.09 during midday trading on Friday, hitting $6.68. The company’s stock had a trading volume of 10,738,797 shares, compared to its average volume of 15,763,362. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62. The stock’s 50 day simple moving average is $7.32 and its 200 day simple moving average is $6.97. Southwestern Energy has a fifty-two week low of $5.35 and a fifty-two week high of $7.80. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of -3.89 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business posted $0.31 EPS. The firm’s quarterly revenue was down 33.1% on a year-over-year basis. As a group, research analysts anticipate that Southwestern Energy will post 0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com assumed coverage on Southwestern Energy in a research note on Saturday, June 15th. They set a “hold” rating for the company. Piper Sandler restated a “neutral” rating and issued a $7.00 target price (down previously from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. Scotiabank lowered Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the stock from $9.00 to $9.50 in a report on Thursday, April 11th. Susquehanna increased their target price on shares of Southwestern Energy from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, Mizuho increased their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.25.

Southwestern Energy Company 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.