Southwestern Energy Director Sells $165,158 in Stock (SWN)
Southwestern Energy (NYSE:SWN) Director Vello Kuuskraa sold 4,389 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $37.63, for a total transaction of $165,158.07. Following the transaction, the director now directly owns 113,421 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at 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, September 13th. 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 investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $41.24.
Southwestern Energy (NYSE:SWN) traded down 2.03% on Thursday, hitting $37.18. The stock had a trading volume of 4,485,762 shares. Southwestern Energy has a 52 week low of $31.62 and a 52 week high of $40.34. The stock has a 50-day moving average of $37.94 and a 200-day moving average of $37.59. The company’s market cap is $13.030 billion.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 1st. The company reported $0.70 earnings per share for the quarter, beating the analysts’ 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 last 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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