Southwestern Energy (NYSE:SWN) Short Interest Down 6.0% in May
Southwestern Energy (NYSE:SWN) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 57,620,249 shares, a decrease of 6.0% from the April 30th total of 61,284,162 shares. Based on an average daily volume of 15,366,878 shares, the short-interest ratio is currently 3.7 days. Currently, 9.9% of the shares of the company are sold short.
A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Southwestern Energy from $2.50 to $4.00 and gave the company a “sell” rating in a report on Thursday, May 24th. ValuEngine downgraded Southwestern Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. UBS Group initiated coverage on Southwestern Energy in a research note on Wednesday, March 7th. They issued a “sell” rating and a $4.00 target price on the stock. Zacks Investment Research upgraded Southwestern Energy from a “sell” rating to a “hold” rating in a research note on Thursday, April 5th. Finally, TheStreet upgraded Southwestern Energy from a “d” rating to a “c-” rating in a research report on Thursday, March 1st. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. Southwestern Energy has a consensus rating of “Hold” and an average target price of $6.04.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SWN. NuWave Investment Management LLC purchased a new position in shares of Southwestern Energy during the fourth quarter worth $117,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Southwestern Energy during the fourth quarter worth $138,000. Bayesian Capital Management LP purchased a new position in shares of Southwestern Energy during the first quarter worth $150,000. LPL Financial LLC purchased a new position in shares of Southwestern Energy during the first quarter worth $152,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Southwestern Energy during the fourth quarter worth $166,000. Institutional investors and hedge funds own 86.32% of the company’s stock.
Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, April 26th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. Southwestern Energy had a return on equity of 19.14% and a net margin of 25.51%. The company had revenue of $920.00 million during the quarter, compared to analysts’ expectations of $895.65 million. During the same quarter last year, the firm earned $0.18 earnings per share. analysts predict that Southwestern Energy will post 0.78 EPS for the current fiscal year.
Southwestern Energy Company Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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