Southwestern Energy Co. (SWN) Scheduled to Post Quarterly Earnings on Friday
Southwestern Energy Co. (NYSE:SWN) will be posting its Q316 quarterly earnings results on Friday, October 21st. Analysts expect Southwestern Energy to post earnings of $0.07 per share and revenue of $619.07 million for the quarter.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. The business had revenue of $522 million for the quarter, compared to analysts’ expectations of $517.49 million. On average, analysts expect Southwestern Energy to post $0.04 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.
Southwestern Energy Co. (NYSE:SWN) opened at 12.64 on Wednesday. Southwestern Energy Co. has a 52 week low of $5.00 and a 52 week high of $15.59. The firm’s 50-day moving average price is $13.87 and its 200 day moving average price is $13.03. The company’s market capitalization is $4.90 billion.
Several analysts have weighed in on SWN shares. Vetr upgraded Southwestern Energy from a “buy” rating to a “strong-buy” rating and set a $14.64 price objective for the company in a research report on Monday, June 27th. Tudor Pickering upgraded Southwestern Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, June 29th. Jefferies Group boosted their price objective on Southwestern Energy from $4.00 to $9.00 and gave the company an “underperform” rating in a research report on Wednesday, June 29th. Barclays PLC reiterated an “underweight” rating and issued a $8.00 price objective (up previously from $7.00) on shares of Southwestern Energy in a research report on Friday, July 1st. Finally, Bank of America Corp. reiterated a “hold” rating on shares of Southwestern Energy in a research report on Thursday, June 30th. Five equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Southwestern Energy currently has an average rating of “Hold” and a consensus target price of $12.66.
In other Southwestern Energy news, Director Gregory D. Kerley sold 12,000 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total value of $172,080.00. Following the sale, the director now directly owns 312,064 shares in the company, valued at approximately $4,474,997.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.16% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Southwestern Energy by 131.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,500 shares of the energy company’s stock valued at $120,000 after buying an additional 5,400 shares in the last quarter. Brant Point Investment Management LLC bought a new stake in Southwestern Energy during the second quarter valued at about $126,000. Advisors Capital Management LLC acquired a new position in Southwestern Energy during the second quarter worth approximately $145,000. Point72 Asia Hong Kong Ltd increased its position in Southwestern Energy by 183.9% in the second quarter. Point72 Asia Hong Kong Ltd now owns 13,342 shares of the energy company’s stock worth $168,000 after buying an additional 8,642 shares during the last quarter. Finally, Advisor Partners LLC increased its position in Southwestern Energy by 5.8% in the second quarter. Advisor Partners LLC now owns 14,283 shares of the energy company’s stock worth $180,000 after buying an additional 782 shares during the last quarter. Institutional investors own 98.77% of the company’s stock.
About Southwestern Energy
Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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