KeyCorp Weighs in on Southwestern Energy’s Q1 2018 Earnings (SWN)
Southwestern Energy (NYSE:SWN) – Analysts at KeyCorp upped their Q1 2018 EPS estimates for Southwestern Energy in a report issued on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the energy company will post earnings per share of $0.25 for the quarter, up from their prior estimate of $0.23. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Southwestern Energy’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.21 EPS, FY2018 earnings at $0.87 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.28 EPS and FY2019 earnings at $1.10 EPS.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The company had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. Southwestern Energy’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 earnings per share.
Several other research analysts have also commented on the stock. Piper Jaffray Companies decreased their price target on shares of Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, September 18th. Cowen set a $9.00 price target on shares of Southwestern Energy and gave the company a “buy” rating in a report on Wednesday, October 18th. BMO Capital Markets set a $9.00 price target on shares of Southwestern Energy and gave the company a “buy” rating in a report on Tuesday, November 14th. Credit Suisse Group initiated coverage on shares of Southwestern Energy in a report on Monday. They issued a “neutral” rating and a $6.00 price target for the company. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $8.00 price target on shares of Southwestern Energy in a report on Tuesday, September 26th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. Southwestern Energy currently has a consensus rating of “Hold” and a consensus price target of $8.95.
Shares of Southwestern Energy (SWN) traded down $0.26 during mid-day trading on Thursday, reaching $5.29. 21,720,200 shares of the company’s stock traded hands, compared to its average volume of 17,622,771. The firm has a market cap of $2,843.96, a price-to-earnings ratio of 13.88 and a beta of 1.23. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88. Southwestern Energy has a 52 week low of $4.90 and a 52 week high of $11.36.
A number of institutional investors have recently bought and sold shares of SWN. Capstone Asset Management Co. raised its position in shares of Southwestern Energy by 30.4% during the 2nd quarter. Capstone Asset Management Co. now owns 40,209 shares of the energy company’s stock worth $244,000 after buying an additional 9,363 shares in the last quarter. US Bancorp DE raised its position in shares of Southwestern Energy by 6.6% during the 2nd quarter. US Bancorp DE now owns 31,715 shares of the energy company’s stock worth $193,000 after buying an additional 1,959 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Southwestern Energy by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 92,056 shares of the energy company’s stock worth $560,000 after buying an additional 341 shares in the last quarter. NGAM Advisors L.P. raised its position in shares of Southwestern Energy by 391.3% during the 2nd quarter. NGAM Advisors L.P. now owns 210,526 shares of the energy company’s stock worth $1,280,000 after buying an additional 167,677 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Southwestern Energy by 11.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 314,536 shares of the energy company’s stock worth $1,909,000 after buying an additional 31,240 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.
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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