Pitcairn Co. Has $245,000 Holdings in Southwestern Energy (NYSE:SWN)

Pitcairn Co. boosted its holdings in Southwestern Energy (NYSE:SWN) by 14.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,257 shares of the energy company’s stock after buying an additional 4,037 shares during the quarter. Pitcairn Co.’s holdings in Southwestern Energy were worth $245,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SWN. SG Americas Securities LLC boosted its stake in Southwestern Energy by 157.0% in the fourth quarter. SG Americas Securities LLC now owns 138,909 shares of the energy company’s stock valued at $910,000 after buying an additional 84,869 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Southwestern Energy by 5.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 79,883 shares of the energy company’s stock valued at $523,000 after buying an additional 4,404 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in Southwestern Energy in the fourth quarter valued at about $295,000. Spirit of America Management Corp NY acquired a new stake in shares of Southwestern Energy during the fourth quarter valued at about $98,000. Finally, apricus wealth LLC acquired a new stake in shares of Southwestern Energy during the fourth quarter valued at about $69,000. 86.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SWN. StockNews.com began coverage on Southwestern Energy in a research note on Thursday. They set a “hold” rating on the stock. Susquehanna lowered their price objective on Southwestern Energy from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Monday. Wolfe Research began coverage on Southwestern Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Stifel Nicolaus raised their price objective on Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Finally, Piper Sandler reissued a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.42.

Southwestern Energy Price Performance

Shares of NYSE:SWN opened at $6.35 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.83. Southwestern Energy has a twelve month low of $5.93 and a twelve month high of $7.80. The stock’s 50 day moving average is $7.00 and its 200-day moving average is $7.03. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of -3.64 and a beta of 1.17.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.31 earnings per share. Southwestern Energy’s revenue for the quarter was down 33.1% compared to the same quarter last year. Sell-side analysts forecast that Southwestern Energy will post 0.6 EPS for the current fiscal year.

Southwestern Energy 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.