Southwestern Energy Target of Unusually High Options Trading (SWN)

Southwestern Energy (NYSE:SWN) was the target of some unusual options trading on Friday. Investors bought 7,159 put options on the stock. This represents an increase of 586% compared to the average volume of 1,044 put options.

Shares of Southwestern Energy (SWN) opened at $5.58 on Monday. Southwestern Energy has a twelve month low of $4.90 and a twelve month high of $10.99. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $2,859.34, a PE ratio of 8.86 and a beta of 1.23.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The firm had revenue of $737.00 million during the quarter, compared to the consensus estimate of $773.99 million. During the same period last year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. research analysts anticipate that Southwestern Energy will post 0.44 EPS for the current fiscal year.

Several brokerages have recently commented on SWN. Piper Jaffray Companies lowered their price objective on Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Barclays boosted their price objective on Southwestern Energy from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, October 30th. BMO Capital Markets set a $9.00 price objective on Southwestern Energy and gave the company a “buy” rating in a research report on Tuesday, November 14th. KeyCorp restated a “hold” rating on shares of Southwestern Energy in a research report on Sunday, September 3rd. Finally, Stifel Nicolaus restated a “buy” rating on shares of Southwestern Energy in a research report on Thursday, September 14th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.90.

Several hedge funds have recently modified their holdings of the company. Shell Asset Management Co. bought a new stake in Southwestern Energy during the third quarter worth approximately $1,880,000. Brookfield Asset Management Inc. bought a new stake in Southwestern Energy during the second quarter worth approximately $3,040,000. Bank of New York Mellon Corp increased its stake in Southwestern Energy by 27.1% during the second quarter. Bank of New York Mellon Corp now owns 5,769,507 shares of the energy company’s stock worth $35,078,000 after acquiring an additional 1,231,562 shares during the last quarter. Engineers Gate Manager LP increased its stake in Southwestern Energy by 315.3% during the second quarter. Engineers Gate Manager LP now owns 525,699 shares of the energy company’s stock worth $3,196,000 after acquiring an additional 399,106 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Southwestern Energy by 85.6% during the second quarter. Ameriprise Financial Inc. now owns 1,570,697 shares of the energy company’s stock worth $9,550,000 after acquiring an additional 724,639 shares during the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Southwestern Energy Target of Unusually High Options Trading (SWN)” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2018/01/01/southwestern-energy-target-of-unusually-high-options-trading-swn.html.

Southwestern Energy Company Profile

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.

Receive News & Ratings for Southwestern Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply