Wall Street analysts forecast that Southwestern Energy (NYSE:SWN) will report $900.39 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Southwestern Energy’s earnings, with the highest sales estimate coming in at $1.04 billion and the lowest estimate coming in at $825.27 million. Southwestern Energy reported sales of $846.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The business is expected to issue its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Southwestern Energy will report full year sales of $900.39 million for the current fiscal year, with estimates ranging from $3.26 billion to $3.50 billion. For the next year, analysts forecast that the business will post sales of $3.43 billion per share, with estimates ranging from $3.16 billion to $3.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Southwestern Energy.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, March 1st. The energy company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $809.00 million for the quarter, compared to the consensus estimate of $802.77 million. Southwestern Energy had a return on equity of 21.54% and a net margin of 30.57%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share.
A number of equities research analysts have issued reports on SWN shares. Cowen set a $8.00 target price on Southwestern Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. ValuEngine raised Southwestern Energy from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. B. Riley raised Southwestern Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $5.00 to $5.85 in a research report on Friday, February 9th. TheStreet raised Southwestern Energy from a “d” rating to a “c-” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research raised Southwestern Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.76.
Southwestern Energy stock traded down $0.15 during trading hours on Wednesday, reaching $4.26. 11,835,803 shares of the company were exchanged, compared to its average volume of 15,992,299. The stock has a market capitalization of $2,588.95, a P/E ratio of 9.68 and a beta of 0.79. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 2.22. Southwestern Energy has a 12 month low of $3.42 and a 12 month high of $8.55.
Institutional investors and hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its position in Southwestern Energy by 11.1% in 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 period. Dimensional Fund Advisors LP lifted its position in Southwestern Energy by 2,243.4% in 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 period. Arizona State Retirement System lifted its position in Southwestern Energy by 27.8% in 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 period. SG Americas Securities LLC lifted its position in Southwestern Energy by 1,030.3% in 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 period. Finally, Swiss National Bank lifted its position in Southwestern Energy by 2.5% in 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 period. 80.67% of the stock is owned by institutional investors.
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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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