Saturday, June 25, 2022

Investing in Southwestern Energy Company (SWN) Is Getting More Attractive

The Benchmark Company upgraded its Southwestern Energy Company [SWN] rating to a Buy from a a Hold in a research note published on Tuesday. PT values the company’s stock at a premium of 50.64 to its Tuesday closing price. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “an Overweight”. Seaport Research Partners began covering SWN with a “Buy” recommendation on March 30, 2022. Wells Fargo revised its rating on March 14, 2022. It rated SWN as “an Underweight” which previously was an “an Equal weight”.


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Price Performance Review of SWN

On Tuesday, Southwestern Energy Company [NYSE:SWN] saw its stock jump 2.83% to $6.91. On the same session, the stock had its day’s lowest price of $6.74, but rose to a high of $7.06. Over the last five days, the stock has lost -19.65%. Southwestern Energy Company shares have risen nearly 48.28% since the year began. Nevertheless, the stocks have risen 31.62% over the past one year. While a 52-week high of $9.87 was reached on 06/08/22, a 52-week low of $3.81 was recorded on 01/24/22. SMA at 50 days reached $7.87, while 200 days put it at $5.80. A total of 35.93 million shares were traded, compared to the trading of 72.0 million shares in the previous session.

Levels Of Support And Resistance For SWN Stock

The 24-hour chart illustrates a support level at 6.75, which if violated will result in even more drops to 6.58. On the upside, there is a resistance level at 7.07. A further resistance level may holdings at 7.22. The Relative Strength Index (RSI) on the 14-day chart is 36.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.83%. Stochastics %K at 8.41% indicates the stock is a buying.

Southwestern Energy Company [SWN] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 157,666,670 shares, or roughly 14.13% of the outstanding SWN shares. In other words, the investor’s shares have risen by 12,789,450 from its previous 13-F filing of 144877220.0. Additionally, The Vanguard Group, Inc. increased 8.21% of its stake after which the total value it holdings stand at $1,146,541,065, while Fidelity Management & Research Co added 2.61% of its stake to hold $888.86 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 9,882,224 shares of Southwestern Energy Company, while Disciplined Growth Investors, Inc bought 507,082 shares. At present, D. E. Shaw & Co. LP is holding 25,218,858 shares valued at $230.0 million. Geode Capital Management LLC owned 17,972,958 shares of the company at the time of its most recent 13F filing, worth $163.91 million.

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