Joule Financial LLC Has $373,000 Position in Southwestern Energy (NYSE:SWN)

Joule Financial LLC lifted its stake in Southwestern Energy (NYSE:SWN) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,421 shares of the energy company’s stock after acquiring an additional 1,806 shares during the quarter. Joule Financial LLC’s holdings in Southwestern Energy were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fruth Investment Management increased its position in Southwestern Energy by 14.4% in the 1st quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock worth $92,000 after purchasing an additional 1,536 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Southwestern Energy by 30.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after buying an additional 1,564 shares in the last quarter. Confluence Investment Management LLC increased its holdings in Southwestern Energy by 2.1% in the second quarter. Confluence Investment Management LLC now owns 88,912 shares of the energy company’s stock worth $598,000 after buying an additional 1,825 shares during the last quarter. CWM LLC raised its position in Southwestern Energy by 17.8% during the first quarter. CWM LLC now owns 15,136 shares of the energy company’s stock valued at $115,000 after acquiring an additional 2,289 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Southwestern Energy by 4.4% in the fourth quarter. Cerity Partners LLC now owns 57,931 shares of the energy company’s stock valued at $379,000 after acquiring an additional 2,443 shares during the last quarter. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Southwestern Energy Stock Performance

Shares of Southwestern Energy stock traded down $0.07 during midday trading on Thursday, hitting $6.15. The company had a trading volume of 14,546,298 shares, compared to its average volume of 17,011,084. Southwestern Energy has a 1-year low of $5.85 and a 1-year high of $7.80. The business’s 50 day simple moving average is $6.58 and its two-hundred day simple moving average is $6.98. The stock has a market cap of $6.78 billion, a PE ratio of -3.53 and a beta of 1.17. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. As a group, equities analysts predict that Southwestern Energy will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on SWN shares. Mizuho increased their price target on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Susquehanna lowered their target price on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research report on Monday. StockNews.com began coverage on Southwestern Energy in a research report on Sunday. They issued a “hold” rating for the company. Piper Sandler lowered their price objective on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Finally, Wolfe Research started coverage on Southwestern Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Southwestern Energy has an average rating of “Hold” and a consensus price target of $8.27.

Southwestern Energy Company Profile

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.