Paladin Wealth LLC Purchases New Holdings in Southwestern Energy (NYSE:SWN)

Paladin Wealth LLC purchased a new stake in shares of Southwestern Energy (NYSE:SWN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,377 shares of the energy company’s stock, valued at approximately $38,000.

Several other large investors have also recently bought and sold shares of SWN. Teachers Retirement System of The State of Kentucky boosted its position in Southwestern Energy by 213.1% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,238,542 shares of the energy company’s stock valued at $8,112,000 after purchasing an additional 843,000 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Southwestern Energy during the fourth quarter valued at approximately $446,000. Kapitalo Investimentos Ltda acquired a new position in Southwestern Energy during the fourth quarter valued at approximately $86,000. Confluence Investment Management LLC acquired a new stake in shares of Southwestern Energy in the first quarter valued at approximately $660,000. Finally, CWM LLC lifted its position in shares of Southwestern Energy by 17.8% in the first quarter. CWM LLC now owns 15,136 shares of the energy company’s stock valued at $115,000 after buying an additional 2,289 shares during the last quarter. 86.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SWN. Piper Sandler cut their price objective on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Susquehanna decreased their price target on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Wolfe Research began coverage on Southwestern Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. UBS Group decreased their price target on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Finally, Scotiabank decreased their price target on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.98.

Southwestern Energy Stock Performance

Shares of SWN stock opened at $7.11 on Tuesday. The firm has a market capitalization of $7.84 billion, a P/E ratio of -4.09 and a beta of 1.12. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The stock’s fifty day simple moving average is $6.49 and its 200 day simple moving average is $6.90.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. As a group, sell-side analysts predict that Southwestern Energy will post 0.56 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.