Trading Report: Today, KeyCorp Weighs in on Southwestern Energy Co.’s Q1 2018 Earnings (SWN)

Today, KeyCorp Weighs in on Southwestern Energy Co.’s Q1 2018 Earnings (SWN)

Southwestern Energy Co. (NYSE:SWN) – KeyCorp issued their Q1 2018 earnings per share estimates for Southwestern Energy in a note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum anticipates that the firm will post earnings per share of $0.16 for the quarter. KeyCorp also issued estimates for Southwestern Energy’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.13 EPS and FY2018 earnings at $0.60 EPS.

A number of other research firms have also weighed in on SWN. KLR Group increased their price objective on shares of Southwestern Energy from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, September 1st. Mizuho reissued a “buy” rating and issued a $20.00 price objective on shares of Southwestern Energy in a research report on Wednesday, October 26th. GMP Securities assumed coverage on shares of Southwestern Energy in a research report on Wednesday, September 28th. They issued a “hold” rating and a $11.00 price objective on the stock. Zacks Investment Research lowered shares of Southwestern Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Finally, Jefferies Group set a $10.00 price objective on shares of Southwestern Energy and gave the stock a “sell” rating in a research report on Tuesday, October 18th. Five investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.66.

Shares of Southwestern Energy (NYSE:SWN) traded down 0.26% during mid-day trading on Friday, hitting $11.47. The stock had a trading volume of 4,958,719 shares. The company’s 50 day moving average is $11.22 and its 200-day moving average is $13.00. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $15.59. The stock’s market cap is $5.61 billion.

In other news, Director Gregory D. Kerley sold 12,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total transaction of $172,080.00. Following the completion of the sale, the director now owns 312,064 shares of the company’s stock, valued at $4,474,997.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.16% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SWN. Nordea Investment Management AB boosted its stake in Southwestern Energy by 8.7% in the second quarter. Nordea Investment Management AB now owns 16,509 shares of the energy company’s stock worth $208,000 after buying an additional 1,321 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Southwestern Energy during the second quarter worth $151,000. Nisa Investment Advisors LLC raised its position in Southwestern Energy by 18.0% in the second quarter. Nisa Investment Advisors LLC now owns 152,689 shares of the energy company’s stock worth $1,921,000 after buying an additional 23,335 shares during the last quarter. Capstone Asset Management Co. raised its position in Southwestern Energy by 4.3% in the second quarter. Capstone Asset Management Co. now owns 24,406 shares of the energy company’s stock worth $307,000 after buying an additional 1,013 shares during the last quarter. Finally, Creative Planning raised its position in Southwestern Energy by 50.6% in the second quarter. Creative Planning now owns 37,206 shares of the energy company’s stock worth $468,000 after buying an additional 12,501 shares during the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

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