The Vanguard Group, Inc. 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 0.28% to 109.37 million shares with purchase of 0.3 million shares. This fresh investment now brings its stake to 9.93% valued currently at $720.72 million. In addition, BlackRock Fund Advisors raised its holdings by 0.52 million to 89.57 million shares. And Fidelity Management & Research Co has lifted its position by 33.31% or 8.74 million shares – to 34.97 million shares.
With over 54.48 million Southwestern Energy Company (SWN) shares trading Friday and a closing price of $6.87 on the day, the dollar volume was approximately $374.3 million. The shares have shown a positive half year performance of 16.24% and its price on 01/05/24 gained nearly 7.34%. Currently, there are 1.10B common shares owned by the public and among those 1.04B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 27 analysts who have offered their price forecasts for SWN have a consensus price objective of $8.02. The analysts have set the share’s price value over the next 12 months at a high of $13.00 and a low of $5.00. The average price target is 15.71% above its recent price level and a downside to the estimated low will see the stock lose -37.4% over that period. But an upside of 47.15% will see the stock hit the forecast high price target while median target price for the stock is $8.00.
Insiders at the company have transacted a total of 82 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 2,127,845 shares. Insider sales of the common stock occurred on 38 occasions, with total insider shares sold totaling 645,541 shares.
The top 3 mutual fund holders in Southwestern Energy Company are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 34.34 million shares of the company’s stock, all valued at over $226.31 million. The company bought an additional 35119.0 shares recently to bring their total holdings to about 3.12% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 6028.0 shares to see its total holdings expand to 33.98 million shares valued at over $223.91 million and representing 3.09% of the shares outstanding. Vanguard Small Cap Index Fund bought 0.11 million shares to bring its total holdings to over 28.51 million shares at a value of $187.91 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.59% of the shares outstanding.
However, the script later moved the day high at 7.11, up 7.34%. The company’s stock has a 5-day price change of 3.62% and 10.10% over the past three months. SWN shares are trading 4.89% year to date (YTD), with the 12-month market performance up to 19.90% higher. It has a 12-month low price of $4.57 and touched a high of $7.69 over the same period. SWN has an average intraday trading volume of 19.89 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 7.03%, 3.14%, and 14.00% respectively.
Institutional ownership of Southwestern Energy Company (NYSE: SWN) shares accounts for 83.57% of the company’s 1.10B shares outstanding. Mutual fund holders own 36.52%, while other institutional holders and individual stakeholders account for 47.29% and 1.43% respectively.
It has a market capitalization of $7.57B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 1.48, while the earnings-per-share (ttm) stands at $4.64. The company has a PEG of 0.07 and a Quick Ratio of 0.59 with the debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.38% over the week and 3.35% over the month.
Analysts forecast that Southwestern Energy Company (SWN) will achieve an EPS of $0.15 for the current quarter, $0.25 for the next quarter and $0.91 for 2024. The lowest estimate earnings-per-share for the quarter is $0.1 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was $0.26 a year ago. Earnings per share for the fiscal year are expected to decrease by -52.19%, and 34.66% over the next financial year. EPS should grow at an annualized rate of 21.00% over the next five years, compared to 0.38% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 27 brokerage firm advisors rate Southwestern Energy Company (SWN) as a “Moderate Buy” at a consensus score of 2.26. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 13 of the 27 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the SWN, a number of firms have released research notes about the stock. Mizuho stated their Underperform rating for the stock in a research note on January 03, 2024, with the firm’s price target at $6.
