Castleark Management LLC Cuts Stock Holdings in Southwestern Energy (NYSE:SWN)

Castleark Management LLC trimmed its holdings in shares of Southwestern Energy (NYSE:SWN) by 72.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,160 shares of the energy company’s stock after selling 281,640 shares during the period. Castleark Management LLC’s holdings in Southwestern Energy were worth $812,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in Southwestern Energy by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock worth $298,381,000 after buying an additional 4,968,002 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Southwestern Energy by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock worth $192,133,000 after buying an additional 1,924,108 shares in the last quarter. Kopernik Global Investors LLC increased its stake in shares of Southwestern Energy by 0.7% during the fourth quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock valued at $137,598,000 after purchasing an additional 143,007 shares in the last quarter. Magnetar Financial LLC increased its stake in shares of Southwestern Energy by 3,468.3% during the first quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock valued at $93,691,000 after purchasing an additional 12,013,898 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Southwestern Energy by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,444,522 shares of the energy company’s stock valued at $68,412,000 after purchasing an additional 203,452 shares in the last quarter. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Southwestern Energy Stock Performance

Shares of NYSE SWN traded down $0.11 during midday trading on Thursday, reaching $6.34. The company had a trading volume of 14,849,665 shares, compared to its average volume of 16,825,439. The business’s 50-day simple moving average is $6.92 and its 200 day simple moving average is $7.02. The stock has a market cap of $6.99 billion, a P/E ratio of -3.66 and a beta of 1.17. Southwestern Energy has a 1 year low of $5.93 and a 1 year high of $7.80. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.83.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.29 billion. Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The firm’s revenue was down 33.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. On average, analysts forecast that Southwestern Energy will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SWN has been the topic of a number of recent analyst reports. Mizuho increased their price target on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Piper Sandler reiterated a “neutral” rating and set a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. Scotiabank cut shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $9.00 to $9.50 in a report on Thursday, April 11th. Wolfe Research began coverage on shares of Southwestern Energy in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Southwestern Energy currently has a consensus rating of “Hold” and a consensus target price of $8.42.

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.