The stock of Southwestern Energy Company (NYSE:SWN) is a huge mover today! The stock increased 3.98% or $0.44 on November 23, hitting $11.5. About 13.56M shares traded hands. Southwestern Energy Company (NYSE:SWN) has declined 6.28% since April 22, 2016 and is downtrending. It has underperformed by 11.68% the S&P500.
The move comes after 9 months positive chart setup for the $5.63 billion company. It was reported on Nov, 24 by Barchart.com. We have $12.08 PT which if reached, will make NYSE:SWN worth $281.50M more.
Analysts await Southwestern Energy Company (NYSE:SWN) to report earnings on February, 23. They expect $0.15 earnings per share, up 850.00% or $0.17 from last year’s $-0.02 per share. SWN’s profit will be $73.43M for 19.17 P/E if the $0.15 EPS becomes a reality. After $0.03 actual earnings per share reported by Southwestern Energy Company for the previous quarter, Wall Street now forecasts 400.00% EPS growth.
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 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Wednesday, March 30 by Seaport Global. On Thursday, August 27 the stock rating was initiated by Wells Fargo with “Market Perform”. Barclays Capital maintained the shares of SWN in a report on Tuesday, June 14 with “Underweight” rating. Credit Suisse upgraded the stock to “Neutral” rating in Tuesday, September 8 report. GMP Securities reinitiated Southwestern Energy Company (NYSE:SWN) rating on Wednesday, September 28. GMP Securities has “Hold” rating and $11 price target. Global Hunter Securities upgraded the stock to “Buy” rating in Tuesday, July 21 report. The rating was downgraded by CapitalOne to “Equal Weight” on Tuesday, January 19. JP Morgan initiated it with “Neutral” rating and $8 target price in Wednesday, December 9 report. The firm earned “Sector Perform” rating on Wednesday, June 15 by RBC Capital Markets. Mizuho initiated Southwestern Energy Company (NYSE:SWN) on Thursday, October 6 with “Buy” rating.
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 1.52 in 2016 Q2. Its up 0.30, from 1.22 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.
State Bank Of Montreal Can has invested 0.1% of its portfolio in Southwestern Energy Company (NYSE:SWN). Tph Asset Mgmt has 30,000 shares for 0.04% of their US portfolio. Moreover, Rafferty Asset Mngmt Limited Company has 0.01% invested in Southwestern Energy Company (NYSE:SWN) for 15,827 shares. Aberdeen Asset Mgmt Public Ltd Uk owns 134,238 shares or 0.01% of their US portfolio. Dekabank Deutsche Girozentrale has 0% invested in the company for 16,355 shares. Johnson Finance Gp Inc reported 1,630 shares or 0% of all its holdings. Evercore Wealth Mgmt Ltd Liability Co, a New York-based fund reported 11,705 shares. Aperio Group Lc last reported 0.03% of its portfolio in the stock. Cetera Advisor Net Limited Liability Company last reported 0.01% of its portfolio in the stock. Moreover, Howard Hughes Institute has 0.23% invested in Southwestern Energy Company (NYSE:SWN) for 55,402 shares. First Mercantile holds 0.05% or 32,800 shares in its portfolio. Lmr Prns Limited Liability Partnership has invested 1.16% of its portfolio in Southwestern Energy Company (NYSE:SWN). Vertex One Asset Management has invested 0.2% of its portfolio in Southwestern Energy Company (NYSE:SWN). Ww Asset Mngmt holds 0.02% or 46,508 shares in its portfolio. Majedie Asset Ltd accumulated 2.63% or 1.27 million shares.
Insider Transactions: Since September 20, 2016, the stock had 0 insider purchases, and 1 insider sale for $172,085 net activity. KERLEY GREGORY D sold $172,085 worth of stock or 12,000 shares.
Another recent and important Southwestern Energy Company (NYSE:SWN) news was published by Businesswire.com which published an article titled: “Robbins Arroyo LLP: Southwestern Energy Company (SWN, SWNC) Misled …” on November 03, 2016.
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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