Southwestern Energy Company(NYSE:SWN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $522.00M. Analysts estimated a revenue of $517.49M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.12.
In a different note, On Jul 5, 2016, Raymond James said it Downgrades its rating on Southwestern Energy Company. The shares have been rated ‘Market Perform’ by the firm. On Jun 14, 2016, Barclays said it Maintains its rating on Southwestern Energy Company. In the research note, the firm Raises the price-target to $6.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jun 7, 2016, KLR Group said it Downgrades its rating on Southwestern Energy Company. The shares have been rated ‘Hold’ by the firm. On Apr 25, 2016, Cowen & Company said it Downgrades its rating on Southwestern Energy Company. The shares have been rated ‘Market Perform’ by the firm.
Southwestern Energy Company (SWN) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -0.75% at a volume of 1,51,58,454. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.495. The peak price level was also seen at $13.495 while the days lowest was $12.54. Finally the shares closed at $13.29. The 52-week high of the shares is $20.86 while the 52-week low is $5. According to the latest information available, the market cap of the company is $5,219 M.
Several Insider Transactions has been reported to the SEC. On Aug 7, 2015, Paul W Iii Geiger (Sr. Vice Pres. of Subsidiary) purchased 15,000 shares at $16.75 per share price.Also, On Jan 23, 2015, Terry W Rathert (director) purchased 5,000 shares at $23.00 per share price.On Jan 23, 2015, Steven L Mueller (CEO) purchased 15,000 shares at $23.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Companys 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.