Confluence Investment Management LLC Has $598,000 Stock Position in Southwestern Energy (NYSE:SWN)

Confluence Investment Management LLC grew its position in Southwestern Energy (NYSE:SWN) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,912 shares of the energy company’s stock after buying an additional 1,825 shares during the quarter. Confluence Investment Management LLC’s holdings in Southwestern Energy were worth $598,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rise Advisors LLC purchased a new stake in shares of Southwestern Energy in the first quarter worth approximately $25,000. Pingora Partners LLC bought a new position in shares of Southwestern Energy in the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust raised its position in shares of Southwestern Energy by 481.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after purchasing an additional 3,854 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Southwestern Energy in the first quarter valued at approximately $43,000. Finally, Lindbrook Capital LLC raised its position in shares of Southwestern Energy by 30.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,564 shares during the period. 86.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SWN. Susquehanna dropped their price target on shares of Southwestern Energy from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Wolfe Research started coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Stifel Nicolaus lifted their price target on shares of Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. StockNews.com started coverage on shares of Southwestern Energy in a research note on Friday. They set a “hold” rating on the stock. Finally, Scotiabank downgraded shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the stock from $9.00 to $9.50 in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Southwestern Energy has an average rating of “Hold” and a consensus target price of $8.42.

Southwestern Energy Trading Down 1.1 %

NYSE:SWN traded down $0.07 on Monday, hitting $6.03. 18,811,321 shares of the stock were exchanged, compared to its average volume of 17,118,203. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of -3.51 and a beta of 1.17. Southwestern Energy has a 52 week low of $5.85 and a 52 week high of $7.80. 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 company’s 50-day moving average price is $6.88 and its 200 day moving average price is $7.01.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Southwestern Energy had a positive return on equity of 9.68% and a negative net margin of 48.91%. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. On average, equities research analysts forecast that Southwestern Energy will post 0.59 earnings per share for the current year.

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.