Southwestern Energy to Post Q2 2018 Earnings of $0.17 Per Share, Capital One Financial Forecasts (SWN)

Southwestern Energy (NYSE:SWN) – Equities researchers at Capital One Financial raised their Q2 2018 earnings per share estimates for Southwestern Energy in a report released on Thursday, April 12th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings per share of $0.17 for the quarter, up from their prior estimate of $0.13.

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Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, March 1st. The energy company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Southwestern Energy had a return on equity of 21.54% and a net margin of 30.57%. The firm had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $802.77 million. During the same quarter last year, the firm earned $0.08 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis.

Several other equities research analysts have also recently commented on SWN. Royal Bank of Canada set a $7.00 price target on Southwestern Energy and gave the company a “hold” rating in a report on Wednesday, December 20th. ValuEngine raised Southwestern Energy from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Piper Jaffray reaffirmed a “hold” rating and issued a $7.00 price target on shares of Southwestern Energy in a report on Tuesday, January 9th. Mizuho cut Southwestern Energy from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 16th. Finally, Cowen set a $8.00 price target on Southwestern Energy and gave the company a “buy” rating in a report on Thursday, January 18th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $6.76.

NYSE:SWN opened at $4.47 on Monday. Southwestern Energy has a one year low of $3.42 and a one year high of $8.25. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $2,635.92, a P/E ratio of 10.16 and a beta of 0.78.

Hedge funds and other institutional investors have recently modified their holdings of the company. NuWave Investment Management LLC acquired a new stake in shares of Southwestern Energy in the fourth quarter valued at $117,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Southwestern Energy in the fourth quarter valued at $138,000. State of Alaska Department of Revenue acquired a new stake in shares of Southwestern Energy in the fourth quarter valued at $166,000. Oakbrook Investments LLC acquired a new stake in shares of Southwestern Energy in the fourth quarter valued at $241,000. Finally, Creative Planning grew its stake in shares of Southwestern Energy by 266.5% in the fourth quarter. Creative Planning now owns 45,759 shares of the energy company’s stock valued at $255,000 after buying an additional 33,275 shares in the last quarter. 80.66% of the stock is owned by institutional investors and hedge funds.

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About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.

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

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