Southwestern Energy Company (SWN) : Myriad Asset Management Ltd. has sold out all of its stake in Southwestern Energy Company during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 18,279 shares of Southwestern Energy Company which is valued at $253,347.
Other Hedge Funds, Including , Cognios Capital reduced its stake in SWN by selling 146,771 shares or 89.49% in the most recent quarter. The Hedge Fund company now holds 17,238 shares of SWN which is valued at $238,919. Southwestern Energy Company makes up approx 0.07% of Cognios Capital’s portfolio.Victory Capital Management Inc reduced its stake in SWN by selling 102 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 4,943 shares of SWN which is valued at $67,077. Cable Hill Partners sold out all of its stake in SWN during the most recent quarter. The investment firm sold 268 shares of SWN which is valued $3,744.Riverpark Advisors reduced its stake in SWN by selling 84,975 shares or 27.69% in the most recent quarter. The Hedge Fund company now holds 221,906 shares of SWN which is valued at $3,217,637. Southwestern Energy Company makes up approx 1.48% of Riverpark Advisors’s portfolio.Berkshire Asset Managementpa reduced its stake in SWN by selling 106,600 shares or 62.39% in the most recent quarter. The Hedge Fund company now holds 64,250 shares of SWN which is valued at $853,883. Southwestern Energy Company makes up approx 0.13% of Berkshire Asset Managementpa’s portfolio.
Southwestern Energy Company opened for trading at $14.21 and hit $14.47 on the upside on Monday, eventually ending the session at $14.43, with a gain of 0.49% or 0.07 points. The heightened volatility saw the trading volume jump to 71,63,355 shares. Company has a market cap of $7,121 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 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.