FY2017 Earnings Forecast for Southwestern Energy Issued By Jefferies Group (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Research analysts at Jefferies Group reduced their FY2017 earnings per share (EPS) estimates for Southwestern Energy in a report issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst Z. Parham now anticipates that the energy company will post earnings per share of $0.46 for the year, down from their previous estimate of $0.47. Jefferies Group also issued estimates for Southwestern Energy’s Q4 2017 earnings at $0.15 EPS.

Other analysts also recently issued reports about the company. BMO Capital Markets set a $9.00 price target on Southwestern Energy and gave the stock a “buy” rating in a report on Tuesday, November 14th. Cowen set a $9.00 price target on Southwestern Energy and gave the stock a “buy” rating in a report on Wednesday, October 18th. ValuEngine raised Southwestern Energy from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Barclays decreased their price target on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Southwestern Energy in a report on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.95.

Shares of Southwestern Energy (SWN) traded down $0.05 during midday trading on Friday, reaching $5.47. The company’s stock had a trading volume of 40,662,143 shares, compared to its average volume of 21,650,000. The stock has a market cap of $2,800.00, a P/E ratio of 8.82 and a beta of 1.23. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88. Southwestern Energy has a 12 month low of $4.90 and a 12 month high of $10.45.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The company had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $773.99 million. Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.03 earnings per share.

Several institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in shares of Southwestern Energy by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 1,065,022 shares of the energy company’s stock valued at $6,507,000 after purchasing an additional 37,522 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Southwestern Energy by 1,593.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 233,364 shares of the energy company’s stock valued at $1,426,000 after purchasing an additional 219,586 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Southwestern Energy by 784.8% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 930,490 shares of the energy company’s stock valued at $5,684,000 after purchasing an additional 825,332 shares during the last quarter. Castleton Investment Management LLC lifted its holdings in shares of Southwestern Energy by 107.9% in the 3rd quarter. Castleton Investment Management LLC now owns 1,002,004 shares of the energy company’s stock valued at $6,122,000 after purchasing an additional 520,000 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Southwestern Energy by 1.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 3,343,082 shares of the energy company’s stock valued at $20,426,000 after purchasing an additional 60,377 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

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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.

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Earnings History and Estimates for Southwestern Energy (NYSE:SWN)

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