Wealthsource Partners LLC Purchases 2,115 Shares of Southwestern Energy (NYSE:SWN)

Wealthsource Partners LLC boosted its stake in Southwestern Energy (NYSE:SWN – Get Rating) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,815 shares of the energy company’s stock after buying an additional 2,115 shares during the quarter. Wealthsource Partners LLC’s holdings in Southwestern Energy were worth $452,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. boosted its stake in Southwestern Energy by 7.2% in the first quarter. D.A. Davidson & CO. now owns 24,715 shares of the energy company’s stock worth $177,000 after purchasing an additional 1,668 shares in the last quarter. Buckingham Strategic Partners increased its holdings in Southwestern Energy by 7.2% in the third quarter. Buckingham Strategic Partners now owns 25,204 shares of the energy company’s stock valued at $154,000 after purchasing an additional 1,687 shares during the last quarter. Inspire Investing LLC increased its holdings in Southwestern Energy by 5.3% in the second quarter. Inspire Investing LLC now owns 34,384 shares of the energy company’s stock valued at $215,000 after purchasing an additional 1,724 shares during the last quarter. IFP Advisors Inc increased its holdings in Southwestern Energy by 201.0% in the third quarter. IFP Advisors Inc now owns 2,829 shares of the energy company’s stock valued at $34,000 after purchasing an additional 1,889 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC increased its holdings in shares of Southwestern Energy by 10.6% in the third quarter. Counterpoint Mutual Funds LLC now owns 19,893 shares of the energy company’s stock worth $122,000 after acquiring an additional 1,903 shares in the last quarter. Institutional investors and hedge funds own 82.26% of the company’s stock.

Southwestern Energy Price Performance

Shares of NYSE SWN opened at $4.88 on Wednesday. The firm has a market cap of $5.37 billion, a P/E ratio of 2.90 and a beta of 1.28. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02. Southwestern Energy has a 1-year low of $4.66 and a 1-year high of $9.87. The business’s 50 day moving average is $5.44 and its 200-day moving average is $6.27.

Southwestern Energy (NYSE:SWN – Get Rating) last announced its earnings results on Friday, February 24th. The energy company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Southwestern Energy had a return on equity of 87.78% and a net margin of 12.32%. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $0.31 EPS. Southwestern Energy’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities research analysts predict that Southwestern Energy will post 1.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SWN shares. Citigroup cut Southwestern Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $6.50 in a research report on Wednesday, December 7th. Benchmark cut Southwestern Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 23rd. Wells Fargo & Company initiated coverage on Southwestern Energy in a research report on Tuesday, January 24th. They set an “equal weight” rating for the company. BMO Capital Markets reduced their price target on Southwestern Energy from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Monday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 price objective on shares of Southwestern Energy in a research report on Tuesday, March 7th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.91.

Southwestern Energy Profile

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Southwestern Energy Co is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P), and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P.