Insider Selling: Southwestern Energy Director Sells 200,000 Shares of Stock (SWN)
Southwestern Energy (NYSE:SWN) Director Harold Korell sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $38.34, for a total value of $7,668,000.00. Following the completion of the transaction, the director now directly owns 146,168 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SWN has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Southwestern Energy (NYSE:SWN) in a research note to investors on Friday. They now have a $40.00 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Southwestern Energy (NYSE:SWN) in a research note to investors on Tuesday, August 20th. They set a “buy” rating and a $50.00 price target on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Southwestern Energy (NYSE:SWN) from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, August 19th. They now have a $40.00 price target on the stock, down previously from $42.00.
Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. Southwestern Energy has an average rating of “Hold” and an average price target of $41.24.
Shares of Southwestern Energy (NYSE:SWN) traded down 0.97% on Friday, hitting $37.93. 5,095,149 shares of the company’s stock traded hands. Southwestern Energy has a 1-year low of $31.62 and a 1-year high of $40.34. The stock’s 50-day moving average is $38.04 and its 200-day moving average is $37.46. The company’s market cap is $13.293 billion.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. The company had revenue of $862.04 million for the quarter, compared to the consensus estimate of $780.71 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. On average, analysts predict that Southwestern Energy will post $2.04 earnings per share for the current fiscal year.
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production.
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