Hardin Capital Partners LLC Invests $395,000 in Southwestern Energy (NYSE:SWN)

Hardin Capital Partners LLC purchased a new stake in Southwestern Energy (NYSE:SWN) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 58,626 shares of the energy company’s stock, valued at approximately $395,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in Southwestern Energy by 73.8% in the 4th quarter. Victory Capital Management Inc. now owns 334,023 shares of the energy company’s stock valued at $2,188,000 after purchasing an additional 141,858 shares during the last quarter. BNP Paribas Financial Markets grew its position in Southwestern Energy by 23.7% in the fourth quarter. BNP Paribas Financial Markets now owns 971,618 shares of the energy company’s stock worth $6,364,000 after acquiring an additional 186,421 shares during the period. QRG Capital Management Inc. increased its stake in Southwestern Energy by 12.5% during the fourth quarter. QRG Capital Management Inc. now owns 30,385 shares of the energy company’s stock worth $199,000 after acquiring an additional 3,373 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $192,133,000 after purchasing an additional 1,924,108 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Southwestern Energy by 55.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,330,974 shares of the energy company’s stock valued at $41,468,000 after purchasing an additional 2,268,429 shares during the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Scotiabank reduced their price objective on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Wolfe Research started coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Piper Sandler lowered their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. StockNews.com started coverage on Southwestern Energy in a research report on Wednesday. They issued a “sell” rating on the stock. Finally, Susquehanna lowered their price target 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.50.

Southwestern Energy Price Performance

NYSE:SWN opened at $6.18 on Friday. The stock has a fifty day moving average price of $6.38 and a 200 day moving average price of $6.94. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. Equities analysts expect that Southwestern Energy will post 0.61 earnings per share for the current fiscal year.

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.