Fidelity Management & Research Co.. recently announced the acquisition of new stake in Southwestern Energy Company (NYSE:SWN). The institutional investor has increased its shareholding in the Energy company by 0.05% to 76.22 million shares with purchase of 35071.0 shares. This fresh investment now brings its stake to 14.07% valued currently at $185.22 million. In addition, Dimensional Fund Advisors LP raised its holdings by 4.25 million to 38.36 million shares. And Northern Trust Investments, Inc.(.. has lifted its position by 0.94% or 83948.0 shares – to 8.99 million shares.
With over 13.43 million Southwestern Energy Company (SWN) shares trading Friday and a closing price of $2.70 on the day, the dollar volume was approximately $36.25 million. The shares have shown a negative weekly performance of -13.18% and its price on 08/21/20 gained nearly 1.50%. Currently, there are 541.08M common shares owned by the public and among those 537.89M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for SWN have a consensus price objective of $3.31. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $2.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Southwestern Energy Company stock is 3.10 for the next 12 months. The average price target is 19.16% above its last price level and an upside to the estimated low will see the stock lose -35.0% over that period. But an upside of 32.5% will see the stock hit the forecast high price target while mean target price for the stock is $3.29.
Insiders at the company have transacted a total of 52 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 27 of these insider trades were purchases, accounting for 1,994,771 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 577,679 shares.
The top 3 mutual fund holders in Southwestern Energy Company are Fidelity Series Intrinsic Opportu, iShares Core S&P Small Cap ETF, and Fidelity Low Priced Stock Fund. Fidelity Series Intrinsic Opportu owns 50.26 million shares of the company’s stock, all valued at over $122.13 million. iShares Core S&P Small Cap ETF bought 0.21 million shares to see its total holdings expand to 33.81 million shares valued at over $82.16 million and representing 6.24% of the shares outstanding. Fidelity Low Priced Stock Fund sold -0.59 million shares to bring its total holdings to over 19.86 million shares at a value of $48.25 million. Fidelity Low Priced Stock Fund now owns shares totaling to 3.67% of the shares outstanding.
Shares of Southwestern Energy Company (NYSE: SWN) opened at $2.64, down -$0.02 from a prior closing price of $2.66. However, the script later closed the day at $2.70, up 1.50%. The company’s stock has a 5-day price change of -13.18% and -6.90% over the past three months. SWN shares are trading 11.57% year to date (YTD), with the 12-month market performance up to 47.54% higher. It has a 12-month low price of $1.06 and touched a high of $3.90 over the same period. Currently, 13.43 million shares have been traded, compared to an average intraday trading volume of 16.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.98%, -2.42%, and 15.42% respectively.
Institutional ownership of Southwestern Energy Company (NYSE: SWN) shares accounts for 91.50% of the company’s 541.08M shares outstanding. Mutual fund holders own 33.93%, while other institutional holders and individual stakeholders account for 68.07% and 2.04% respectively.
It has a market capitalization of $1.61B and a beta (3y monthly) value of 1.51. The earnings-per-share (ttm) stands at -$4.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.73% over the week and 7.68% over the month.
Analysts forecast that Southwestern Energy Company (SWN) will achieve an EPS of $0.04 for the current quarter, $0.09 for the next quarter and $0.56 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of $0.13. Comparatively, EPS for the current quarter was $0.08 a year ago. Earnings per share for the fiscal year are expected to increase by 77.70%, and 155.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Southwestern Energy Company (SWN) as a “Hold” at a consensus score of 3.10. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 14 of the 19 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the SWN, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on August 13, 2020, with the firm’s price target at $4.50. MKM Partners coverage for the Southwestern Energy Company (SWN) stock in a research note released on July 09, 2020 offered a Buy rating with a price target of $4. SunTrust was of a view on December 18, 2019 that the stock is Hold, while Johnson Rice gave the stock Hold rating on November 19, 2019, issuing a price target of. CapitalOne on their part issued Equal Weight rating on October 11, 2019.