Southwestern Energy Company (NYSE:SWN) – Equities research analysts at KeyCorp lowered their FY2017 earnings estimates for Southwestern Energy in a report issued on Wednesday. KeyCorp analyst D. Deckelbaum now expects that the energy company will post earnings per share of $0.45 for the year, down from their previous estimate of $0.49. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Southwestern Energy’s Q2 2018 earnings at $0.17 EPS.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, August 3rd. 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). The firm had revenue of $811.00 million during the quarter, compared to analysts’ expectations of $810.00 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. Southwestern Energy’s quarterly revenue was up 55.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS.
Other research analysts have also issued reports about the company. Scotiabank set a $9.00 price objective on Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. Piper Jaffray Companies set a $6.00 price objective on Southwestern Energy and gave the company a “hold” rating in a research report on Thursday. BidaskClub raised Southwestern Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada set a $8.00 price objective on Southwestern Energy and gave the company a “hold” rating in a research report on Tuesday, August 8th. Finally, Cowen and Company set a $9.00 price objective on Southwestern Energy and gave the company a “buy” rating in a research report on Wednesday. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.33.
Shares of Southwestern Energy (SWN) opened at 5.46 on Friday. The company has a 50 day moving average price of $5.84 and a 200 day moving average price of $6.24. The stock’s market cap is $2.72 billion. Southwestern Energy has a 12-month low of $5.00 and a 12-month high of $12.85.
A number of large investors have recently modified their holdings of the stock. Brookfield Asset Management Inc. bought a new stake in Southwestern Energy in the second quarter worth $3,040,000. Cetera Investment Advisers bought a new stake in Southwestern Energy during the second quarter valued at about $108,000. Dynamic Technology Lab Private Ltd boosted its holdings in Southwestern Energy by 389.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 133,544 shares of the energy company’s stock valued at $812,000 after acquiring an additional 106,273 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Southwestern Energy by 51.3% during the second quarter. Public Employees Retirement System of Ohio now owns 988,072 shares of the energy company’s stock valued at $6,007,000 after acquiring an additional 335,203 shares during the period. Finally, Disciplined Growth Investors Inc. MN boosted its holdings in Southwestern Energy by 57.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 6,840,087 shares of the energy company’s stock valued at $41,588,000 after acquiring an additional 2,487,525 shares during the period. Hedge funds and other institutional investors own 89.51% 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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