Wall Street brokerages expect that Southwestern Energy (NYSE:SWN) will report $0.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Southwestern Energy’s earnings, with estimates ranging from $0.15 to $0.50. Southwestern Energy posted earnings of $0.18 per share in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The business is scheduled to announce its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Southwestern Energy will report full year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.54 to $0.91. For the next financial year, analysts expect that the firm will post earnings of $0.78 per share, with EPS estimates ranging from $0.34 to $1.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Southwestern Energy.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, March 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The business had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $802.77 million. Southwestern Energy had a net margin of 30.57% and a return on equity of 21.54%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS.
Several equities research analysts have recently issued reports on SWN shares. Cowen set a $8.00 price objective on shares of Southwestern Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. ValuEngine raised shares of Southwestern Energy from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. B. Riley raised shares of Southwestern Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $5.00 to $5.85 in a research report on Friday, February 9th. TheStreet raised shares of Southwestern Energy from a “d” rating to a “c-” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research raised shares of Southwestern Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. Southwestern Energy has a consensus rating of “Hold” and an average target price of $6.76.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NuWave Investment Management LLC purchased a new stake in shares of Southwestern Energy in the fourth quarter valued at about $117,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Southwestern Energy in the fourth quarter valued at about $138,000. State of Alaska Department of Revenue purchased a new stake in shares of Southwestern Energy in the fourth quarter valued at about $166,000. Tiedemann Wealth Management LLC raised its holdings in shares of Southwestern Energy by 68.0% in the third quarter. Tiedemann Wealth Management LLC now owns 77,723 shares of the energy company’s stock valued at $174,000 after buying an additional 31,462 shares during the last quarter. Finally, Hartford Investment Management Co. raised its holdings in shares of Southwestern Energy by 53.0% in the third quarter. Hartford Investment Management Co. now owns 33,200 shares of the energy company’s stock valued at $203,000 after buying an additional 11,500 shares during the last quarter. 80.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Southwestern Energy stock traded up $0.01 during trading on Monday, hitting $4.27. 8,799,965 shares of the stock were exchanged, compared to its average volume of 24,874,074. The stock has a market cap of $2,500.89, a P/E ratio of 9.70 and a beta of 0.78. Southwestern Energy has a 12-month low of $3.42 and a 12-month high of $8.53. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.22.
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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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