Southwestern Energy (NYSE:SWN) – Seaport Global Securities lifted their Q1 2018 earnings estimates for Southwestern Energy in a research note issued on Tuesday, April 3rd. Seaport Global Securities analyst M. Kelly now expects that the energy company will earn $0.23 per share for the quarter, up from their previous forecast of $0.18. Seaport Global Securities also issued estimates for Southwestern Energy’s Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.82 EPS.
Several other brokerages have also recently issued reports on SWN. ValuEngine upgraded Southwestern Energy from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Credit Suisse Group assumed coverage on Southwestern Energy in a research note on Monday, December 11th. They issued a “neutral” rating and a $6.00 price objective on the stock. Piper Jaffray reiterated a “hold” rating and issued a $7.00 price objective on shares of Southwestern Energy in a research note on Tuesday, January 9th. Mizuho cut Southwestern Energy from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Finally, Zacks Investment Research cut Southwestern Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Southwestern Energy currently has an average rating of “Hold” and a consensus price target of $6.76.
Shares of NYSE SWN opened at $4.26 on Thursday. The firm has a market capitalization of $2,518.50, a PE ratio of 9.68 and a beta of 0.79. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.93 and a current ratio of 1.93. Southwestern Energy has a 12-month low of $3.42 and a 12-month high of $8.55.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, March 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $809.00 million for the quarter, compared to analysts’ expectations of $802.77 million. Southwestern Energy had a return on equity of 21.54% and a net margin of 30.57%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the firm earned $0.08 earnings per share.
Hedge funds have recently modified their holdings of the business. Wedge Capital Management L L P NC grew its holdings in shares of Southwestern Energy by 11.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,714,953 shares of the energy company’s stock worth $15,149,000 after purchasing an additional 271,913 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Southwestern Energy by 2,243.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,435,577 shares of the energy company’s stock worth $14,882,000 after purchasing an additional 2,331,644 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Southwestern Energy by 27.8% during the fourth quarter. Arizona State Retirement System now owns 368,848 shares of the energy company’s stock worth $2,058,000 after purchasing an additional 80,247 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Southwestern Energy by 1,030.3% during the fourth quarter. SG Americas Securities LLC now owns 277,606 shares of the energy company’s stock worth $1,549,000 after purchasing an additional 253,046 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Southwestern Energy by 2.5% during the fourth quarter. Swiss National Bank now owns 867,200 shares of the energy company’s stock worth $4,839,000 after purchasing an additional 21,200 shares during the last quarter. 80.67% of the stock is currently owned by institutional investors.
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About Southwestern Energy
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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