Segantii Capital Management Ltd adds Southwestern Energy Company (SWN) to its portfolio

Southwestern Energy Company (SWN) : Segantii Capital Management Ltd added new position in Southwestern Energy Company during the most recent quarter end. The investment management firm now holds 240,000 shares of Southwestern Energy Company which is valued at $3,326,400 , the company said in a statement filed on Aug 15, 2016 with the SEC.Southwestern Energy Company makes up approximately 4.17% of Segantii Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Wolverine Asset Management boosted its stake in SWN in the latest quarter, The investment management firm added 19,029 additional shares and now holds a total of 20,814 shares of Southwestern Energy Company which is valued at $288,482. Southwestern Energy Company makes up approx 0.03% of Wolverine Asset Management’s portfolio.Alliancebernstein reduced its stake in SWN by selling 12,901 shares or 1.85% in the most recent quarter. The Hedge Fund company now holds 685,331 shares of SWN which is valued at $9,498,688. Southwestern Energy Company makes up approx 0.01% of Alliancebernstein’s portfolio.Blackrock Investment Management reduced its stake in SWN by selling 2,758 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 957,816 shares of SWN which is valued at $13,275,330. Southwestern Energy Company makes up approx 0.02% of Blackrock Investment Management’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in SWN in the latest quarter, The investment management firm added 112,168 additional shares and now holds a total of 603,568 shares of Southwestern Energy Company which is valued at $8,431,845. Southwestern Energy Company makes up approx 0.03% of State Board Of Administration Of Florida Retirement System’s portfolio.California Public Employees Retirement System reduced its stake in SWN by selling 2,300 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 1,408,902 shares of SWN which is valued at $20,429,079. Southwestern Energy Company makes up approx 0.03% of California Public Employees Retirement System’s portfolio.

Southwestern Energy Company closed down -0.12 points or -0.86% at $13.79 with 86,45,727 shares getting traded on Thursday. Post opening the session at $13.85, the shares hit an intraday low of $13.59 and an intraday high of $14.1 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Southwestern Energy Company reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.20. The company had revenue of $579.00 million for the quarter, compared to analysts expectations of $561.50 million. The company’s revenue was down -37.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Southwestern Energy Company. Southwestern Energy Company was Upgraded by National Securities to ” Buy” on Jul 25, 2016. Company shares were Reiterated by Barclays on Jul 25, 2016 to “Underweight”, Firm has raised the Price Target to $ 14 from a previous price target of $8 .Company shares were Reiterated by Scotia Howard Weil on Jul 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 16 from a previous price target of $13 .

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses which it refer to as Midstream Services. The Company conducts its business through subsidiaries. The Company’s operations are focused within the United States on development of two natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on a natural gas reservoir Fayetteville Shale and its operations in northeast Pennsylvania are focused on the natural gas reservoir Marcellus Shale. The Company engages in natural gas gathering activities in Arkansas Texas Louisiana Pennsylvania and West Virginia.

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