Friday, October 18, 2024
HomeFinnacial"Brown Financial invests in Southwestern Energy (NYSE:SWN)"

“Brown Financial invests in Southwestern Energy (NYSE:SWN)”

Recent changes in investor stakes for Southwestern Energy include:

  • Bank of Nova Scotia invested $4.43 million in Q4.
  • Price T Rowe Associates increased their holding by 14.4%, now owning 39.36 million shares valued at $298.38 million after acquiring an additional 4.97 million shares.
  • Symmetry Investments bought $997,000 worth of shares in Q4.
  • Asia Research & Capital Management invested $2.44 million in Q4.
  • Quantbot Technologies purchased shares worth $583,000 in Q1.

Overall, institutional investors own 86.97% of the stock.

Wall Street Analyst Ratings

Several analysts have adjusted their ratings for SWN:

  • Piper Sandler lowered its target price from $7.00 to $6.00, rating it “neutral” on August 15.
  • Scotiabank cut its target from $9.50 to $9.00, rating it “sector perform” on August 20.
  • UBS lowered its target from $7.50 to $7.00, giving a neutral rating on September 18.
  • Wolfe Research initiated coverage with a “peer perform” rating on July 18.
  • StockNews.com assigned a “sell” rating on September 11.

Out of the analysts, one rated it a sell, ten rated it a hold, and two rated it a buy. The average rating is “Hold” with a target price of $7.98.

Southwestern Energy Stock Overview

SWN stock opened at $7.11. It has fluctuated between a 12-month low of $5.85 and a high of $7.80. Key financial stats include:

  • Market Cap: $7.84 billion
  • P/E Ratio: -4.09
  • Beta: 1.12
  • Quick Ratio: 0.53
  • Current Ratio: 0.53
  • Debt-to-Equity Ratio: 1.01
  • Average Price (50-day): $6.37
  • Average Price (200-day): $6.91

For Q2, the company reported earnings of $0.10 per share, slightly above the $0.09 estimate, with revenue of $1.08 billion, down 14.7% year-over-year. Analysts expect $0.56 earnings per share for the year.

About Southwestern Energy

Southwestern Energy focuses on exploration, development, and production of natural gas, oil, and NGLs in the U.S., primarily in Pennsylvania, West Virginia, Ohio, and Louisiana.

Further Reading

Want to see more about SWN investments? Visit HoldingsChannel.com for the latest filings and trades for Southwestern Energy.

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