Monashee Investment Management adds Southwestern Energy Company (SWN) to its portfolio

Southwestern Energy Company (SWN) : Monashee Investment Management added new position in Southwestern Energy Company during the most recent quarter end. The investment management firm now holds 50,000 shares of Southwestern Energy Company which is valued at $725,000 , the company said in a statement filed on Aug 2, 2016 with the SEC.Southwestern Energy Company makes up approximately 1.11% of Monashee Investment Management’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in SWN in the latest quarter, The investment management firm added 48,775 additional shares and now holds a total of 105,530 shares of Southwestern Energy Company which is valued at $1,530,185. Southwestern Energy Company makes up approx 0.04% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Proficio Capital Partners reduced its stake in SWN by selling 20 shares or 30.77% in the most recent quarter. The Hedge Fund company now holds 45 shares of SWN which is valued at $656.Financial Architects Inc boosted its stake in SWN in the latest quarter, The investment management firm added 2,584 additional shares and now holds a total of 2,868 shares of Southwestern Energy Company which is valued at $40,869. Southwestern Energy Company makes up approx 0.01% of Financial Architects Inc’s portfolio. Benjamin F. Edwards Company sold out all of its stake in SWN during the most recent quarter. The investment firm sold 398 shares of SWN which is valued $5,556.

Southwestern Energy Company opened for trading at $14.07 and hit $14.35 on the upside on Monday, eventually ending the session at $14.12, with a gain of 1.07% or 0.15 points. The heightened volatility saw the trading volume jump to 99,56,794 shares. Company has a market cap of $6,968 M.

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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