Wall Street brokerages predict that Southwestern Energy (NYSE:SWN) will post $0.20 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Southwestern Energy’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.11. Southwestern Energy posted earnings of $0.06 per share in the same quarter last year, which would suggest a positive year over year growth rate of 233.3%. The firm is expected to issue its next earnings results after the market closes on Thursday, October 25th.
On average, analysts expect that Southwestern Energy will report full-year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.72 to $1.05. For the next fiscal year, analysts anticipate that the business will post earnings of $0.81 per share, with EPS estimates ranging from $0.40 to $1.27. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Southwestern Energy.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, August 2nd. The energy company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. Southwestern Energy had a return on equity of 17.78% and a net margin of 18.37%. The company had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $809.41 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year.
A number of research firms have recently weighed in on SWN. Citigroup boosted their price target on Southwestern Energy from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday, August 13th. Macquarie set a $7.00 price target on Southwestern Energy and gave the stock a “hold” rating in a report on Wednesday, September 26th. BMO Capital Markets set a $7.00 price target on Southwestern Energy and gave the stock a “buy” rating in a report on Sunday, August 12th. Morgan Stanley set a $4.00 price target on Southwestern Energy and gave the stock a “sell” rating in a report on Friday. Finally, B. Riley boosted their price target on Southwestern Energy from $7.85 to $10.00 and gave the stock a “buy” rating in a report on Friday, June 22nd. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $5.72.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Southwestern Energy by 34.5% in the second quarter. BlackRock Inc. now owns 61,871,297 shares of the energy company’s stock valued at $327,918,000 after purchasing an additional 15,866,736 shares during the period. Stelliam Investment Management LP grew its position in shares of Southwestern Energy by 15.6% in the second quarter. Stelliam Investment Management LP now owns 29,450,000 shares of the energy company’s stock valued at $156,085,000 after purchasing an additional 3,972,500 shares during the period. FMR LLC grew its position in shares of Southwestern Energy by 22.1% in the second quarter. FMR LLC now owns 15,484,858 shares of the energy company’s stock valued at $82,070,000 after purchasing an additional 2,798,500 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Southwestern Energy by 103.7% in the second quarter. Dimensional Fund Advisors LP now owns 14,598,144 shares of the energy company’s stock valued at $77,371,000 after purchasing an additional 7,430,243 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its position in shares of Southwestern Energy by 81.5% in the first quarter. Disciplined Growth Investors Inc. MN now owns 12,487,570 shares of the energy company’s stock valued at $54,071,000 after purchasing an additional 5,608,144 shares during the period. 90.80% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE SWN traded up $0.02 during trading on Monday, reaching $5.34. The company had a trading volume of 19,162,705 shares, compared to its average volume of 20,195,604. Southwestern Energy has a twelve month low of $3.42 and a twelve month high of $6.72. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 12.14 and a beta of 0.87. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.59.
Southwestern Energy Company Profile
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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