Southwestern Energy (NYSE:SWN) Shares Down 6.5%

Southwestern Energy (NYSE:SWN)’s stock price dropped 6.5% during trading on Friday . The company traded as low as $2.00 and last traded at $2.01, approximately 19,904,940 shares traded hands during mid-day trading. An increase of 7% from the average daily volume of 18,521,018 shares. The stock had previously closed at $2.15.

SWN has been the topic of a number of recent analyst reports. UBS Group raised shares of Southwestern Energy from a “sell” rating to a “neutral” rating and dropped their price target for the company from $3.10 to $1.90 in a research report on Wednesday, August 14th. Mitsubishi UFJ Financial Group dropped their price target on shares of Southwestern Energy to $3.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Bank of America reissued an “underperform” rating and issued a $2.50 price target (down previously from $3.00) on shares of Southwestern Energy in a research report on Wednesday, August 7th. Capital One Financial raised shares of Southwestern Energy from an “underweight” rating to an “equal weight” rating in a research report on Friday, October 11th. Finally, ValuEngine raised shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $3.40.

The stock’s 50-day moving average is $1.97 and its 200-day moving average is $2.91. The firm has a market cap of $1.16 billion, a P/E ratio of 1.97, a price-to-earnings-growth ratio of 0.39 and a beta of 1.10. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.74.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Tuesday, August 6th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). Southwestern Energy had a return on equity of 19.16% and a net margin of 26.70%. The company had revenue of $667.00 million for the quarter, compared to the consensus estimate of $851.21 million. During the same period last year, the firm posted $0.18 EPS. The company’s revenue was down 18.3% compared to the same quarter last year. As a group, analysts expect that Southwestern Energy will post 0.57 EPS for the current fiscal year.

In related news, CFO Julian Mark Bott bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $1.90 per share, with a total value of $47,500.00. Following the completion of the transaction, the chief financial officer now owns 25,000 shares of the company’s stock, valued at approximately $47,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Way bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of $1.91 per share, for a total transaction of $191,000.00. Following the transaction, the insider now directly owns 771,362 shares of the company’s stock, valued at approximately $1,473,301.42. The disclosure for this purchase can be found here. Insiders have purchased 126,250 shares of company stock worth $240,638 in the last ninety days. 0.66% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in SWN. Tower Research Capital LLC TRC increased its holdings in Southwestern Energy by 827.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,883 shares of the energy company’s stock valued at $25,000 after buying an additional 7,033 shares during the period. XR Securities LLC bought a new stake in Southwestern Energy in the 3rd quarter valued at $29,000. Signaturefd LLC increased its holdings in Southwestern Energy by 32.7% in the 3rd quarter. Signaturefd LLC now owns 22,015 shares of the energy company’s stock valued at $42,000 after buying an additional 5,422 shares during the period. Wetherby Asset Management Inc. bought a new stake in Southwestern Energy in the 2nd quarter valued at $45,000. Finally, Eidelman Virant Capital bought a new stake in Southwestern Energy in the 2nd quarter valued at $63,000.

About Southwestern Energy (NYSE:SWN)

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

Read More: What are the benefits of investing in REITs?

Receive News & Ratings for Southwestern Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy and related companies with MarketBeat.com's FREE daily email newsletter.