Lazard Asset Management LLC Has $164,000 Position in Southwestern Energy (NYSE:SWN)

Lazard Asset Management LLC raised its stake in shares of Southwestern Energy (NYSE:SWNGet Rating) by 178.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,355 shares of the energy company’s stock after buying an additional 16,885 shares during the period. Lazard Asset Management LLC’s holdings in Southwestern Energy were worth $164,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Diversified Trust Co acquired a new stake in shares of Southwestern Energy during the 2nd quarter valued at $63,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Southwestern Energy during the 2nd quarter valued at $63,000. Gunderson Capital Management Inc. acquired a new stake in shares of Southwestern Energy during the 2nd quarter valued at $68,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Southwestern Energy by 501.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,913 shares of the energy company’s stock valued at $68,000 after buying an additional 9,100 shares during the period. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Southwestern Energy during the 1st quarter valued at $80,000. Institutional investors and hedge funds own 82.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SWN. Citigroup lifted their price objective on shares of Southwestern Energy from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 21st. Raymond James reduced their price objective on shares of Southwestern Energy from $10.50 to $9.00 and set an “outperform” rating for the company in a research note on Monday, October 24th. StockNews.com began coverage on shares of Southwestern Energy in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Scotiabank raised shares of Southwestern Energy from a “sector perform” rating to a “sector outperform” rating and set a $9.50 price objective for the company in a research note on Monday, July 25th. Finally, Truist Financial raised shares of Southwestern Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $11.00 in a research report on Monday, October 3rd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.16.

Southwestern Energy Stock Performance

NYSE:SWN opened at $6.64 on Monday. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 4.88 and a beta of 1.26. The firm’s 50-day moving average is $6.81 and its 200-day moving average is $7.12. Southwestern Energy has a 52-week low of $3.81 and a 52-week high of $9.87. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.37 and a current ratio of 0.37.

Southwestern Energy (NYSE:SWNGet Rating) last posted its earnings results on Friday, October 28th. The energy company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Southwestern Energy had a net margin of 8.98% and a return on equity of 122.25%. The firm’s revenue for the quarter was up 184.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Equities research analysts anticipate that Southwestern Energy will post 1.34 earnings per share for the current year.

Southwestern Energy Profile

(Get Rating)

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.

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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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