Algert Global LLC Cuts Position in Southwestern Energy (NYSE:SWN)

Algert Global LLC reduced its position in shares of Southwestern Energy (NYSE:SWN - Free Report) by 67.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,934 shares of the energy company's stock after selling 229,842 shares during the quarter. Algert Global LLC's holdings in Southwestern Energy were worth $747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Southwestern Energy by 21.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company's stock worth $329,276,000 after purchasing an additional 8,741,562 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Southwestern Energy by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company's stock valued at $298,381,000 after acquiring an additional 4,968,002 shares during the period. Millennium Management LLC increased its holdings in shares of Southwestern Energy by 97.0% in the 2nd quarter. Millennium Management LLC now owns 24,923,413 shares of the energy company's stock valued at $167,735,000 after acquiring an additional 12,270,110 shares during the period. Magnetar Financial LLC increased its holdings in shares of Southwestern Energy by 3,468.3% in the 1st quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company's stock valued at $93,691,000 after acquiring an additional 12,013,898 shares during the period. Finally, KRYGER CAPITAL Ltd purchased a new position in shares of Southwestern Energy in the 1st quarter valued at $76,543,000. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SWN shares. Piper Sandler cut their price target on Southwestern Energy from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, August 15th. Scotiabank cut their price target on Southwestern Energy from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 20th. UBS Group cut their price target on Southwestern Energy from $7.50 to $7.00 and set a "neutral" rating on the stock in a report on Wednesday, September 18th. Susquehanna lowered their price objective on Southwestern Energy from $7.00 to $6.50 and set a "neutral" rating for the company in a research report on Monday, August 19th. Finally, StockNews.com assumed coverage on Southwestern Energy in a research report on Wednesday, September 11th. They issued a "sell" rating for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Southwestern Energy has an average rating of "Hold" and a consensus price target of $7.98.

Southwestern Energy Price Performance

SWN remained flat at $7.11 on Friday. The firm has a fifty day simple moving average of $6.40 and a 200-day simple moving average of $6.91. Southwestern Energy has a 1 year low of $5.85 and a 1 year high of $7.80. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $7.84 billion, a P/E ratio of -4.09 and a beta of 1.12.

Southwestern Energy (NYSE:SWN - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm's revenue was down 14.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Southwestern Energy will post 0.56 earnings per share for the current fiscal 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.