Insider Selling: Southwestern Energy Company Director Sells $711,900 in Stock (SWN)
Southwestern Energy Company (NYSE:SWN) Director Vello A. Kuuskraa sold 15,000 shares of Southwestern Energy Company stock on the open market in a transaction dated Friday, June 20th. The stock was sold at an average price of $47.46, for a total value of $711,900.00. Following the completion of the sale, the director now directly owns 104,284 shares of the company’s stock, valued at approximately $4,949,319. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Southwestern Energy Company (NYSE:SWN) traded down 1.75% during mid-day trading on Tuesday, hitting $45.96. 3,677,236 shares of the company’s stock traded hands. Southwestern Energy Company has a one year low of $34.84 and a one year high of $49.16. The stock has a 50-day moving average of $45.77 and a 200-day moving average of $43.46. The company has a market cap of $16.148 billion and a P/E ratio of 21.36.
Southwestern Energy Company (NYSE:SWN) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.03. The company had revenue of $793.35 million for the quarter, compared to the consensus estimate of $935.27 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 57.3% on a year-over-year basis. On average, analysts predict that Southwestern Energy Company will post $2.49 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SWN shares. Analysts at Zacks reiterated a “neutral” rating on shares of Southwestern Energy Company in a research note on Wednesday, June 11th. They now have a $47.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Southwestern Energy Company in a research note on Thursday, May 15th. They now have a $33.00 price target on the stock. Finally, analysts at Iberia Capital reiterated a “sector perform” rating on shares of Southwestern Energy Company in a research note on Thursday, May 15th. They now have a $45.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Southwestern Energy Company currently has an average rating of “Hold” and an average price target of $47.10.
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.