Southwestern Energy (NYSE:SWN) Sees Strong Trading Volume

Shares of Southwestern Energy (NYSE:SWN) saw strong trading volume on Thursday . 24,310,273 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 22,129,162 shares.The stock last traded at $6.93 and had previously closed at $6.85.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Southwestern Energy from $5.00 to $5.50 and gave the company a “sell” rating in a report on Wednesday, August 23rd. Wells Fargo & Company lifted their target price on shares of Southwestern Energy from $6.20 to $6.30 and gave the stock an “underweight” rating in a research note on Friday, September 1st. UBS Group lifted their target price on shares of Southwestern Energy from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, August 17th. StockNews.com initiated coverage on shares of Southwestern Energy in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Citigroup lifted their target price on shares of Southwestern Energy from $6.50 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.77.

Southwestern Energy Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The business’s fifty day simple moving average is $6.69 and its two-hundred day simple moving average is $6.12. The company has a market cap of $7.41 billion, a PE ratio of 1.45 and a beta of 1.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its holdings 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 valued at $177,000 after buying an additional 1,668 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Southwestern Energy by 0.5% during the third quarter. Teacher Retirement System of Texas now owns 352,696 shares of the energy company’s stock worth $2,275,000 after purchasing an additional 1,889 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Southwestern Energy by 12.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 17,512 shares of the energy company’s stock worth $107,000 after purchasing an additional 1,994 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Southwestern Energy by 50.8% during the first quarter. Parallel Advisors LLC now owns 6,653 shares of the energy company’s stock worth $33,000 after purchasing an additional 2,240 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in shares of Southwestern Energy by 19.5% during the second quarter. Orion Portfolio Solutions LLC now owns 14,101 shares of the energy company’s stock worth $85,000 after purchasing an additional 2,302 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Southwestern Energy Company Profile

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.