Wall Street brokerages expect Southwestern Energy (NYSE:SWN) to report $798.46 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Southwestern Energy’s earnings. The lowest sales estimate is $759.50 million and the highest is $843.86 million. Southwestern Energy reported sales of $811.00 million in the same quarter last year, which would suggest a negative year over year growth rate of 1.5%. The business is scheduled to report its next earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Southwestern Energy will report full-year sales of $3.40 billion for the current year, with estimates ranging from $3.28 billion to $3.52 billion. For the next year, analysts forecast that the firm will post sales of $3.37 billion per share, with estimates ranging from $2.84 billion to $3.99 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Southwestern Energy.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, April 26th. The energy company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. Southwestern Energy had a net margin of 25.51% and a return on equity of 19.14%. The business had revenue of $920.00 million for the quarter, compared to analyst estimates of $895.65 million. During the same quarter in the prior year, the business earned $0.18 EPS.
A number of brokerages have issued reports on SWN. B. Riley increased their target price on shares of Southwestern Energy from $7.85 to $10.00 and gave the stock a “buy” rating in a research report on Friday, June 22nd. ValuEngine lowered shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, June 11th. Stifel Nicolaus restated a “hold” rating and set a $4.30 target price on shares of Southwestern Energy in a research report on Friday, June 1st. Morgan Stanley increased their target price on shares of Southwestern Energy from $2.50 to $4.00 and gave the stock a “sell” rating in a research report on Thursday, May 24th. Finally, Jefferies Financial Group restated a “hold” rating and set a $4.50 target price on shares of Southwestern Energy in a research report on Thursday, April 26th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.18.
Shares of Southwestern Energy opened at $5.30 on Thursday, according to Marketbeat Ratings. Southwestern Energy has a 52 week low of $3.42 and a 52 week high of $6.72. The stock has a market capitalization of $3.11 billion, a P/E ratio of 9.81 and a beta of 0.83. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.00.
Several institutional investors have recently modified their holdings of the company. State of Wisconsin Investment Board lifted its holdings in shares of Southwestern Energy by 9.8% during the 1st quarter. State of Wisconsin Investment Board now owns 151,999 shares of the energy company’s stock worth $658,000 after acquiring an additional 13,520 shares during the period. Amalgamated Bank lifted its holdings in shares of Southwestern Energy by 14.0% during the 1st quarter. Amalgamated Bank now owns 112,045 shares of the energy company’s stock worth $485,000 after acquiring an additional 13,728 shares during the period. Gargoyle Investment Advisor L.L.C. lifted its stake in Southwestern Energy by 43.4% in the 1st quarter. Gargoyle Investment Advisor L.L.C. now owns 55,798 shares of the energy company’s stock valued at $242,000 after purchasing an additional 16,898 shares during the last quarter. NuWave Investment Management LLC lifted its stake in Southwestern Energy by 86.6% in the 1st quarter. NuWave Investment Management LLC now owns 39,088 shares of the energy company’s stock valued at $172,000 after purchasing an additional 18,135 shares during the last quarter. Finally, American International Group Inc. lifted its stake in Southwestern Energy by 1.7% in the 4th quarter. American International Group Inc. now owns 1,074,702 shares of the energy company’s stock valued at $5,997,000 after purchasing an additional 18,442 shares during the last quarter. 85.88% of the stock is owned by institutional investors.
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.
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