$0.12 EPS Expected for Southwestern Energy Company (SWN) This Quarter
Brokerages expect Southwestern Energy Company (NYSE:SWN) to post earnings per share (EPS) of $0.12 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Southwestern Energy’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at ($0.02). Southwestern Energy reported earnings per share of $0.03 during the same quarter last year, which would suggest a positive year-over-year growth rate of 300%. The firm is expected to announce its next earnings report on Thursday, October 19th.
According to Zacks, analysts expect that Southwestern Energy will report full-year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.39 to $0.70. For the next year, analysts expect that the company will post earnings of $0.87 per share, with EPS estimates ranging from $0.59 to $1.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Southwestern Energy.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The company had revenue of $811 million during the quarter, compared to analyst estimates of $810 million. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company’s revenue for the quarter was up 55.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) earnings per share.
A number of research analysts have issued reports on the stock. Iberia Capital boosted their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 2nd. National Securities reissued a “buy” rating and set a $14.00 price objective on shares of Southwestern Energy in a research report on Monday, May 1st. Barclays PLC reissued an “equal weight” rating and set a $9.00 price objective (down from $10.00) on shares of Southwestern Energy in a research report on Saturday, April 22nd. Cowen and Company raised shares of Southwestern Energy from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $14.00 to $11.00 in a research report on Wednesday, April 19th. Finally, Royal Bank Of Canada set a $10.00 price objective on shares of Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, June 10th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Southwestern Energy presently has a consensus rating of “Hold” and an average price target of $12.55.
Hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its stake in shares of Southwestern Energy by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,680 shares of the energy company’s stock valued at $180,000 after buying an additional 650 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Southwestern Energy by 5.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,350,731 shares of the energy company’s stock valued at $14,615,000 after buying an additional 68,751 shares during the period. Teachers Advisors LLC increased its stake in shares of Southwestern Energy by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 587,117 shares of the energy company’s stock valued at $6,353,000 after buying an additional 48,021 shares during the period. Macquarie Group Ltd. boosted its position in Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock valued at $107,000 after buying an additional 2,000 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Southwestern Energy by 3.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 431,131 shares of the energy company’s stock valued at $3,522,000 after buying an additional 16,356 shares in the last quarter. 93.62% of the stock is currently owned by institutional investors.
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Southwestern Energy (SWN) traded up 2.30% during midday trading on Friday, reaching $5.34. 14,334,973 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $5.75 and a 200 day moving average price of $7.14. The company’s market cap is $2.66 billion. Southwestern Energy has a 12-month low of $5.00 and a 12-month high of $15.59.
Southwestern Energy Company Profile
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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