Southwestern Energy Company (SWN) : Sailingstone Capital Partners reduced its stake in Southwestern Energy Company by 4.03% during the most recent quarter end. The investment management company now holds a total of 51,095,007 shares of Southwestern Energy Company which is valued at $708,176,797 after selling 2,147,789 shares in Southwestern Energy Company , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Southwestern Energy Company makes up approximately 15.12% of Sailingstone Capital Partners’s portfolio.
Other Hedge Funds, Including , Penn Capital Management Co Inc added SWN to its portfolio by purchasing 29,888 company shares during the most recent quarter which is valued at $414,248. Southwestern Energy Company makes up approx 0.02% of Penn Capital Management Co Inc’s portfolio.Mitsubishi Ufj Trust Banking Corp reduced its stake in SWN by selling 7,306 shares or 0.93% in the most recent quarter. The Hedge Fund company now holds 776,788 shares of SWN which is valued at $10,766,282. Southwestern Energy Company makes up approx 0.02% of Mitsubishi Ufj Trust Banking Corp’s portfolio. Neuberger Berman Group added SWN to its portfolio by purchasing 612,150 company shares during the most recent quarter which is valued at $8,551,736. Southwestern Energy Company makes up approx 0.01% of Neuberger Berman Group’s portfolio. Janney Montgomery Scott added SWN to its portfolio by purchasing 22,402 company shares during the most recent quarter which is valued at $312,956.
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 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.