Southwestern Energy (SWN) Sees Significant Decrease in Short Interest

Southwestern Energy (NYSE:SWN) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 40,875,713 shares, a decline of 30.6% from the January 12th total of 58,915,414 shares. Based on an average daily volume of 33,114,416 shares, the days-to-cover ratio is currently 1.2 days. Approximately 8.0% of the shares of the company are sold short.

Southwestern Energy (NYSE SWN) opened at $3.65 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $1,870.00, a P/E ratio of 5.89 and a beta of 0.96. Southwestern Energy has a 1-year low of $3.42 and a 1-year high of $9.14.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of Southwestern Energy by 10.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,678,572 shares of the energy company’s stock valued at $37,267,000 after purchasing an additional 604,783 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Southwestern Energy by 6.9% in the third quarter. Russell Investments Group Ltd. now owns 4,744,841 shares of the energy company’s stock valued at $28,991,000 after purchasing an additional 308,147 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Southwestern Energy by 15.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 3,770,000 shares of the energy company’s stock valued at $23,035,000 after purchasing an additional 500,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Southwestern Energy by 1.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,479,965 shares of the energy company’s stock valued at $19,419,000 after purchasing an additional 45,986 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Southwestern Energy by 1.8% in the third quarter. Allianz Asset Management GmbH now owns 3,343,082 shares of the energy company’s stock valued at $20,426,000 after purchasing an additional 60,377 shares in the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.

Several research firms recently weighed in on SWN. KeyCorp restated a “hold” rating on shares of Southwestern Energy in a report on Friday, November 10th. Mizuho lowered Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, November 21st. BMO Capital Markets set a $9.00 target price on Southwestern Energy and gave the stock a “buy” rating in a report on Tuesday, November 14th. ValuEngine upgraded Southwestern Energy from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Finally, Credit Suisse Group assumed coverage on Southwestern Energy in a report on Monday, December 11th. They issued a “neutral” rating and a $6.00 target price for the company. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.14.

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About Southwestern Energy

Southwestern Energy Company is an 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 in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.

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