Southwestern Energy Company (NYSE:SWN) – Equities research analysts at KeyCorp decreased their Q3 2017 EPS estimates for shares of Southwestern Energy in a research note issued on Thursday. KeyCorp analyst D. Deckelbaum now expects that the energy company will earn $0.06 per share for the quarter, down from their previous estimate of $0.12.
Other equities analysts have also issued reports about the company. Citigroup Inc. cut their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Cowen and Company set a $9.00 price target on Southwestern Energy and gave the company a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and issued a $8.00 price target on shares of Southwestern Energy in a research note on Tuesday, June 27th. National Securities reissued a “buy” rating and issued a $14.00 price target on shares of Southwestern Energy in a research note on Monday, May 1st. Finally, Barclays PLC reissued an “equal weight” rating and issued a $9.00 price target (down from $10.00) on shares of Southwestern Energy in a research note on Saturday, April 22nd. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.60.
Shares of Southwestern Energy (NYSE:SWN) opened at 5.18 on Monday. The company’s 50-day moving average price is $5.82 and its 200-day moving average price is $7.29. Southwestern Energy has a 1-year low of $5.00 and a 1-year high of $15.59. The company’s market capitalization is $2.56 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The firm had revenue of $811 million during the quarter, compared to analyst estimates of $810 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The business’s revenue was up 55.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) earnings per share.
Large investors have recently made changes to their positions in the company. 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. Kentucky Retirement Systems bought a new stake in shares of Southwestern Energy during the fourth quarter valued at about $385,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Southwestern Energy during the fourth quarter valued at about $172,000. Institutional investors and hedge funds own 93.62% of the company’s stock.
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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