Southwestern Energy Company (SWN) Releases Quarterly Earnings Results
Southwestern Energy Company (NYSE:SWN) released its quarterly earnings results on Thursday. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.08, Bloomberg Earnings reports. Southwestern Energy had a positive return on equity of 27.85% and a negative net margin of 9.46%. The firm had revenue of $811 million for the quarter, compared to analyst estimates of $810 million. During the same period in the prior year, the business earned ($0.09) earnings per share. Southwestern Energy’s revenue for the quarter was up 55.4% on a year-over-year basis.
Southwestern Energy (SWN) traded up 1.15% during mid-day trading on Friday, hitting $5.28. 21,389,195 shares of the stock were exchanged. The company has a 50 day moving average price of $5.90 and a 200 day moving average price of $7.33. The stock’s market cap is $2.61 billion. Southwestern Energy has a 52 week low of $5.00 and a 52 week high of $15.59.
Several equities research analysts have issued reports on SWN shares. Scotiabank set a $9.00 price target on shares of Southwestern Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. BidaskClub raised shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday. Barclays PLC reaffirmed an “equal weight” rating and set a $9.00 price target (down from $10.00) on shares of Southwestern Energy in a research note on Saturday, April 22nd. Zacks Investment Research cut shares of Southwestern Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Iberia Capital raised their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.65.
About Southwestern Energy
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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