Truvestments Capital LLC Sells 37,257 Shares of Southwestern Energy (NYSE:SWN)

Truvestments Capital LLC decreased its position in Southwestern Energy (NYSE:SWN) by 67.4% during the first quarter, HoldingsChannel.com reports. The fund owned 18,021 shares of the energy company’s stock after selling 37,257 shares during the quarter. Truvestments Capital LLC’s holdings in Southwestern Energy were worth $137,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Rise Advisors LLC bought a new stake in Southwestern Energy in the first quarter worth $25,000. Pingora Partners LLC purchased a new position in shares of Southwestern Energy in the 4th quarter worth $30,000. Parkside Financial Bank & Trust increased its holdings in shares of Southwestern Energy by 481.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after buying an additional 3,854 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Southwestern Energy during the 1st quarter valued at about $43,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of Southwestern Energy by 30.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,564 shares during the last quarter. 86.97% of the stock is owned by hedge funds and other institutional investors.

Southwestern Energy Trading Up 3.0 %

Southwestern Energy stock traded up $0.19 during trading hours on Friday, hitting $6.53. The company had a trading volume of 52,856,876 shares, compared to its average volume of 18,469,356. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $7.20 billion, a P/E ratio of -3.75 and a beta of 1.17. The company has a 50-day moving average price of $6.98 and a two-hundred day moving average price of $7.02. Southwestern Energy has a 1 year low of $5.93 and a 1 year high of $7.80.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The firm’s revenue for the quarter was down 33.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, sell-side analysts anticipate that Southwestern Energy will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Mizuho boosted their price objective on Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Scotiabank downgraded Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. Piper Sandler restated a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Wolfe Research began coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, StockNews.com began coverage on shares of Southwestern Energy in a research note on Thursday. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Southwestern Energy has an average rating of “Hold” and an average price target of $8.42.

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.