Price Action Report: A Reversal for Southwestern Energy Company Is Not Near. The Stock Declines Again

Price Action Report: A Reversal for Southwestern Energy Company Is Not Near. The Stock Declines Again

The stock of Southwestern Energy Company (NYSE:SWN) is a huge mover today! About 20.01 million shares traded hands or 14.60% up from the average. Southwestern Energy Company (NYSE:SWN) has risen 31.38% since April 6, 2016 and is uptrending. It has outperformed by 29.42% the S&P500.
The move comes after 7 months negative chart setup for the $4.90B company. It was reported on Nov, 8 by Barchart.com. We have $8.58 PT which if reached, will make NYSE:SWN worth $392.00M less.

Southwestern Energy Company (NYSE:SWN) Ratings Coverage

Out of 21 analysts covering Southwestern Energy Company (NYSE:SWN), 7 rate it a “Buy”, 5 “Sell”, while 9 “Hold”. This means 33% are positive. Southwestern Energy Company has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was initiated by Mizuho on Thursday, October 6 with “Buy”. The firm earned “Buy” rating on Tuesday, July 21 by Global Hunter Securities. The rating was downgraded by KLR Group on Tuesday, June 7 to “Hold”. JP Morgan initiated the stock with “Neutral” rating in Wednesday, December 9 report. JP Morgan upgraded the shares of SWN in a report on Friday, July 22 to “Neutral” rating. The stock of Southwestern Energy Company (NYSE:SWN) has “Underweight” rating given on Tuesday, June 14 by Barclays Capital. Seaport Global downgraded the stock to “Sell” rating in Wednesday, March 30 report. As per Tuesday, February 2, the company rating was downgraded by JP Morgan. On Tuesday, September 8 the stock rating was upgraded by Credit Suisse to “Neutral”. Suntrust Robinson downgraded Southwestern Energy Company (NYSE:SWN) rating on Tuesday, February 2. Suntrust Robinson has “Neutral” rating and $9 price target.

According to Zacks Investment Research, “Southwestern Energy Company is an energy company primarily focused on natural gas. They are involved in the following business segments: Exploration and Production – Engaged in natural gas and oil exploration, development and production. This represents their primary business; Natural Gas Distribution – Engaged in the gathering, distribution and transmission of natural gas; Marketing and Transportation – Provides marketing and transportation services in their core areas of operation and owns a 25% interest in the NOARK Pipeline System, Limited Partnership.”

Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q2. Its up 0.31, from 0.91 in 2016Q1. The ratio increased, as 56 funds sold all Southwestern Energy Company shares owned while 113 reduced positions. 91 funds bought stakes while 116 increased positions. They now own 467.85 million shares or 8.35% more from 431.79 million shares in 2016Q1.
Baldwin Brothers Ma holds 0% of its portfolio in Southwestern Energy Company (NYSE:SWN) for 100 shares. Elm Ridge Mngmt Limited Liability Company has 821,543 shares for 2.49% of their US portfolio. Public Sector Pension Board holds 0.01% of its portfolio in Southwestern Energy Company (NYSE:SWN) for 89,730 shares. Lathrop Invest Mgmt holds 21,890 shares or 0.09% of its portfolio. One Trading Limited Partnership has 23,349 shares for 0% of their US portfolio. The Illinois-based Northern Trust Corporation has invested 0.02% in Southwestern Energy Company (NYSE:SWN). Chevy Chase Holdings last reported 404,836 shares in the company. Vanguard Group Inc holds 0.03% of its portfolio in Southwestern Energy Company (NYSE:SWN) for 43.46M shares. Gradient Limited Liability Corporation last reported 0% of its portfolio in the stock. Riverpark Cap Management holds 1.99% or 326,569 shares in its portfolio. Moreover, Ameriprise has 0% invested in Southwestern Energy Company (NYSE:SWN) for 634,489 shares. Viking Glob Invsts Limited Partnership, a Connecticut-based fund reported 37.66M shares. Ivory Inv Management Limited Liability Corp holds 0.13% or 368,802 shares in its portfolio. Matarin Cap Mngmt Ltd Limited Liability Company holds 0% of its portfolio in Southwestern Energy Company (NYSE:SWN) for 78,949 shares. Bluemar Ltd holds 100,000 shares or 0.61% of its portfolio.

Insider Transactions: Since September 20, 2016, the stock had 0 insider buys, and 1 insider sale for $172,085 net activity. KERLEY GREGORY D also sold $172,085 worth of Southwestern Energy Company (NYSE:SWN) on Tuesday, September 20.

More recent Southwestern Energy Company (NYSE:SWN) news were published by: Prnewswire.com which released: “Webcast Alert: Southwestern Energy Company Invites You to Join Its Third …” on October 10, 2016. Also Businesswire.com published the news titled: “Robbins Arroyo LLP: Southwestern Energy Company (SWN, SWNC) Misled …” on November 03, 2016. Prnewswire.com‘s news article titled: “Southwestern Energy Announces 2016 Third Quarter Operational Update And …” with publication date: October 20, 2016 was also an interesting one.

SWN Company Profile

Southwestern Energy Company, incorporated on February 24, 2006, is an independent energy firm engaged in natural gas and oil exploration, development and production. The Firm operates through two divisions: Exploration and Production (E&P) and Midstream Services. The Company’s activities are principally focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.

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