Southwestern Energy Company (SWN): Not A Time To Panic Nor Freeze

DE Stock
DE Stock

Fidelity Management & Research Co.. has recently announced that it has increased stake in Southwestern Energy Company (NYSE:SWN) by 0.05%. After grabbing 76.22 million shares, the institutional investor is now in possession of 35071.0 shares of the Energy Company. The new investment brought the stake of investor firm to 14.07% having worth around $185.22 million. Moreover, Dimensional Fund Advisors LP increased its share by 4.25 million to have a control over 38.36 million shares. And Northern Trust Investments, Inc.(.. raised its holdings to 83948.0 shares by acquiring 8.99 million shares or 1.66% of the stake.

Southwestern Energy Company (SWN) concluded trading on 08/26/20 at a closing price of $2.81, with 12.89 million shares of worth about $36.22 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -0.71% during that period and on Wednesday the price saw a loss of about -4.42%. Currently the company’s common shares owned by public are about 541.08M shares, out of which, 537.89M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the SWN stock and their offered price forecasts bring an average price target of $3.31. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.00 and could fall to a lowest price of $2.00. Analysts also issued an outlook of 3.10 for the Southwestern Energy Company stock for next 12 months. The stock’s current price level is 15.87% above of average price target set by the analysts, while a rise to estimated low would result in loss of -40.5 for the stock. However, touching the estimated high of $4.00 would mean a gain of 29.75% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 52 times over the past 12 months. They bought 1,994,771 shares in 27 of the transactions. In 25 selling transactions, insiders dumped 577,679 shares.

Fidelity Series Intrinsic Opportu, iShares Core S&P Small Cap ETF, and Fidelity Low Priced Stock Fund are the top 3 mutual funds which are holding stakes in Southwestern Energy Company Fidelity Series Intrinsic Opportu is currently holding 50.26 million shares of worth totaling $122.13 million. The company recently came buying 0.0 shares which brought its stake up to 9.28% of the company’s outstanding shares. iShares Core S&P Small Cap ETF bought 0.21 million shares, after which its hold over company’s outstanding shares expand to 6.24%, leaving 33.81 million shares with the mutual fund that have a worth of about $82.16 million. Fidelity Low Priced Stock Fund, after selling 19.86 million shares, have now control over 3.67% of the stake in the company. It holds -0.59 million shares of worth $48.25 million.

Southwestern Energy Company (NYSE: SWN) started trading at $2.92, below -$0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $2.81, or with a loss of -4.42%. Stock saw a price change of -0.71% in past 5 days and over the past one month there was a price change of 12.40%. Year-to-date (YTD), SWN shares are showing a performance of 16.12% which increased to 71.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.06 but also hit the highest price of $3.90 during that period. While comparing its average daily trading volume of 16.34 million shares, we see that about 12.89 million changed hands on the day. The stock is currently trading -1.77% below its 20-day simple moving average (SMA20), while that difference is up 2.58% for SMA50 and it goes to 19.68% higher than SMA200.

Fidelity Management & Research Co.. acquired 76.22 million shares of Southwestern Energy Company having value of about $185.22 million. Data submitted at the U.S SEC by Fidelity Management & Research Co.. revealed that the firm now holds 35071.0 shares in the company valued at close to $98549.51, or have control over 0.05% stake in the company. Southwestern Energy Company (NYSE: SWN) currently have 541.08M outstanding shares and institutions hold larger chunk of about 91.50% of that. Holding of mutual funds in the company is about 33.93% while other institutional holders and individual stake holders have control over 68.07% and 2.04% of the stake respectively.

The stock has a current market capitalization of $1.68B and its 3Y-monthly beta is at 1.51. It has posted earnings per share of -$4.20 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SWN, volatility over the week remained 6.26% while standing at 7.43% over the month.

Analysts are in expectations that Southwestern Energy Company (SWN) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter ESPS is $0.09 and it is $0.56 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is $0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 77.70% while it is estimated to increase by 155.50% in next year.

Analysts at 20 brokerage firms have issued recommendations for the Southwestern Energy Company (SWN)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.10. Out of those 20 Wall Street analysts, 1 recommended a “Buy” rating, while 15 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on August 13, 2020 offering an Equal weight rating for the stock and assigned a target price of $4.50 to it. Coverage by MKM Partners stated Southwestern Energy Company (SWN) stock as a Buy in their note to investors on July 09, 2020, suggesting a price target of $4 for the stock. On December 18, 2019, SunTrust Initiated their recommendations, while on November 19, 2019, Johnson Rice Downgrade their ratings for the stock with a price target of. Stock get an Equal weight rating from CapitalOne on October 11, 2019.


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