Southwestern Energy Co. (SWN) Shares Down 2.5% Following Insider Selling
Shares of Southwestern Energy Co. (NYSE:SWN) fell 2.5% during trading on Thursday following insider selling activity. The company traded as low as $14.13 and last traded at $14.31, with a volume of 7,046,329 shares. The stock had previously closed at $14.68.
Specifically, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $14.34, for a total transaction of $172,080.00. Following the transaction, the director now owns 312,064 shares in the company, valued at $4,474,997.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.16% of the company’s stock.
SWN has been the topic of a number of recent research reports. National Securities upgraded Southwestern Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $17.00 in a research note on Monday, July 25th. Scotiabank restated a “sector perform” rating and set a $16.00 price objective (up previously from $13.00) on shares of Southwestern Energy in a research note on Tuesday, July 26th. Royal Bank Of Canada raised their price objective on Southwestern Energy from $10.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 15th. Vetr lowered Southwestern Energy from a “buy” rating to a “hold” rating and set a $13.31 price objective on the stock. in a research note on Tuesday, June 14th. Finally, Bank of America Corp. restated a “hold” rating and set a $16.00 price objective on shares of Southwestern Energy in a research note on Friday, June 10th. Five equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.44.
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The company has a 50 day moving average price of $14.12 and a 200 day moving average price of $12.28. The company’s market capitalization is $5.57 billion.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Southwestern Energy had a negative net margin of 220.65% and a negative return on equity of 1.99%. The business earned $522 million during the quarter, compared to analyst estimates of $517.49 million. On average, equities research analysts predict that Southwestern Energy Co. will post $0.05 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of SWN. Evercore Wealth Management LLC raised its stake in Southwestern Energy by 2.2% in the second quarter. Evercore Wealth Management LLC now owns 11,964 shares of the energy company’s stock worth $151,000 after buying an additional 259 shares in the last quarter. Mariner Wealth Advisors LLC raised its stake in Southwestern Energy by 1.9% in the first quarter. Mariner Wealth Advisors LLC now owns 19,028 shares of the energy company’s stock worth $154,000 after buying an additional 352 shares in the last quarter. US Bancorp DE raised its stake in Southwestern Energy by 0.5% in the second quarter. US Bancorp DE now owns 69,453 shares of the energy company’s stock worth $874,000 after buying an additional 370 shares in the last quarter. CIBC Asset Management Inc raised its stake in Southwestern Energy by 1.8% in the second quarter. CIBC Asset Management Inc now owns 35,356 shares of the energy company’s stock worth $445,000 after buying an additional 609 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in Southwestern Energy by 0.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 134,238 shares of the energy company’s stock worth $1,688,000 after buying an additional 630 shares in the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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