Ontario Teachers Pension Plan Board Makes New $598,000 Investment in Southwestern Energy (NYSE:SWN)

Ontario Teachers Pension Plan Board bought a new position in shares of Southwestern Energy (NYSE:SWN) in the 1st quarter, HoldingsChannel reports. The fund bought 78,826 shares of the energy company’s stock, valued at approximately $598,000.

Several other hedge funds also recently bought and sold shares of the stock. Rise Advisors LLC acquired a new stake in shares of Southwestern Energy during the first quarter worth about $25,000. Parkside Financial Bank & Trust lifted its position in shares of Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after purchasing an additional 3,854 shares in the last quarter. Pingora Partners LLC acquired a new stake in shares of Southwestern Energy during the fourth quarter worth about $30,000. Fidelis Capital Partners LLC acquired a new stake in shares of Southwestern Energy during the first quarter worth about $43,000. Finally, Lindbrook Capital LLC raised its holdings in Southwestern Energy by 30.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,564 shares in the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Southwestern Energy Stock Performance

Shares of SWN traded up $0.01 during mid-day trading on Monday, reaching $6.69. 16,119,500 shares of the company’s stock were exchanged, compared to its average volume of 16,097,923. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $7.38 billion, a PE ratio of -3.88 and a beta of 1.17. The business’s fifty day simple moving average is $7.08 and its 200-day simple moving average is $7.04. Southwestern Energy has a 52-week low of $5.93 and a 52-week high of $7.80.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business earned $0.31 earnings per share. The business’s quarterly revenue was down 33.1% on a year-over-year basis. On average, equities research analysts expect that Southwestern Energy will post 0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Southwestern Energy in a report on Wednesday, July 17th. They issued a “hold” rating on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $7.00 target price (down previously from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. Scotiabank cut shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the company from $9.00 to $9.50 in a report on Thursday, April 11th. Mizuho raised their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Stifel Nicolaus raised their target price on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.42.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.