Picton Mahoney Asset Management Makes New Investment in Southwestern Energy (NYSE:SWN)

Picton Mahoney Asset Management purchased a new stake in shares of Southwestern Energy (NYSE:SWN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 372,026 shares of the energy company’s stock, valued at approximately $2,438,000.

Other hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its position 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 valued at $30,000 after acquiring an additional 3,854 shares during the period. Quantbot Technologies LP bought a new stake in shares of Southwestern Energy in the third quarter worth about $39,000. Lindbrook Capital LLC increased its holdings in shares of Southwestern Energy by 30.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,564 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Southwestern Energy by 555.0% during the fourth quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company’s stock worth $50,000 after buying an additional 6,460 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Southwestern Energy by 244.2% in the third quarter. Headlands Technologies LLC now owns 8,420 shares of the energy company’s stock valued at $54,000 after purchasing an additional 5,974 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Susquehanna increased their price objective on Southwestern Energy from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Monday, April 22nd. Mizuho raised shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $6.00 to $9.00 in a research note on Monday, February 26th. StockNews.com initiated coverage on Southwestern Energy in a research report on Monday. They set a “hold” rating for the company. Piper Sandler restated a “neutral” rating and set a $7.00 price target (down from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. Finally, UBS Group boosted their price target on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8.14.

Southwestern Energy Stock Performance

NYSE:SWN traded down $0.12 during mid-day trading on Wednesday, reaching $7.26. The company’s stock had a trading volume of 12,246,998 shares, compared to its average volume of 17,011,180. Southwestern Energy has a 12-month low of $4.67 and a 12-month high of $7.80. The firm’s fifty day moving average price is $7.31 and its two-hundred day moving average price is $6.88. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.83. The stock has a market cap of $8.01 billion, a P/E ratio of -4.24 and a beta of 1.15.

Southwestern Energy (NYSE:SWN) last released 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 for the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The company’s revenue for the quarter was down 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, equities analysts forecast 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.