B. Riley Wealth Advisors increased its stake in Southwestern Energy by 85.8% during the fourth quarter, according to its latest Securities and Exchange Commission (SEC) filing (NYSE:SWN). – free report). The institutional investor holds 61,554 shares in the energy company after he purchased an additional 28,433 shares during the quarter. B. Riley Wealth Advisors’ Southwestern Energy shares were valued at $360,000 at the end of the most recent reporting period.
Many other institutional investors and hedge funds have also recently changed their stock positions. Spire Wealth Management bought a new position in Southwestern Energy stock worth $30,000 in the fourth quarter. Industrial Alliance Investment Management purchased a new position in Southwestern Energy shares in the fourth quarter for his $34,000 equivalent. International Asset Investment Management LLC purchased a new position in Southwestern Energy shares during the fourth quarter for a value of $41,000. Huntington National Bank increased its position in Southwestern Energy by 4,881.6% in the fourth quarter. Huntington National Bank acquired an additional 6,883 shares last quarter and now owns 7,024 shares in the company, valued at $41,000. Finally, Tobam increased its position in Southwestern Energy by 93.1% in the fourth quarter. Tobam acquired an additional 3,617 shares last quarter and now owns 7,503 shares in the energy company worth $44,000. Institutional investors hold 82.46% of the company’s shares.
Analyst Rating Change
SWNs have been the subject of several recent research papers. Siebert-Williams-Shank began covering Southwestern Energy shares in a research report on Monday, April 10. The company has a Hold rating on the stock and a price target of $6.00. BMO Capital Markets lowered its price target on Southwestern Energy from $7.00 to $6.00 in a research note on Monday, March 13, setting a “market performance” rating for the stock. Susquehanna cut its price target on Southwestern Energy from $7.50 to $7.00 in a research note on Friday, April 21, setting the stock’s valuation at “positive.” Stifel Nikolaus was interviewed by Southwestern Energy for a research note on Thursday. They gave the stock a buy rating and a price target of $7.50. Finally, StockNews.com undertook to cover Southwestern Energy shares in its investigative report on Thursday, May 18th. They set a “Hold” rating on the stock. Two analysts gave the stock a sell rating, 10 gave a hold rating, and seven gave a buy rating. Based on MarketBeat.com data, Southwestern Energy currently has a Consensus Rating of “Hold” and an Average Price Target of $7.47.
Southwest energy price performance
NYSE SWN shares opened Friday at $6.01. The company has a market capitalization of $6.61 billion, a P/E of 1.03x and a beta of 1.30x. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt to equity ratio of 0.63. The stock has a 50-day simple moving average of $5.17 and a 200-day simple moving average of $5.32. Southwestern Energy hit a 12-month low of $4.57 and a 12-month high of $8.39.
Southwestern Energy (NYSE:SWN – Freereport) last reported earnings on Friday, April 28th. The company reported earnings per share of $0.31 for the quarter, beating analyst consensus expectations of $0.27 by $0.04. The business had sales of $2.12 billion in the quarter, compared with analyst expectations of $2.36 billion. Southwestern Energy’s return on equity was 41.76% and net profit margin was 45.59%. The company’s quarterly sales decreased by 28.0% year-on-year. The company’s EPS was $0.40 in the year-ago quarter. Equity analysts expect Southwestern Energy to post 0.81 EPS for the current financial year as a group.
Southwest energy profile
Southwestern Energy Company, an independent energy company, is engaged in the exploration, development and production of natural gas, oil and natural gas liquids (NGL) in the United States. He operates through two segments of exploration and production, and marketing. The company focuses on developing unconventional natural gas and oil reservoirs in Pennsylvania, West Virginia, Ohio and Louisiana.
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