Analysts Anticipate Southwestern Energy (SWN) Will Announce Earnings of $0.14 Per Share

Wall Street brokerages forecast that Southwestern Energy (NYSE:SWN) will post earnings of $0.14 per share for the current quarter, Zacks reports. Four analysts have made estimates for Southwestern Energy’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.21. Southwestern Energy reported earnings of $0.08 per share in the same quarter last year, which indicates a positive year over year growth rate of 75%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Southwestern Energy will report full-year earnings of $0.44 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.53. For the next year, analysts forecast that the firm will report earnings of $0.85 per share, with EPS estimates ranging from $0.64 to $1.21. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Southwestern Energy.

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 Zacks’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The business had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $773.99 million. During the same period in the prior year, the firm posted $0.03 EPS. Southwestern Energy’s revenue for the quarter was up 13.2% compared to the same quarter last year.

SWN has been the topic of a number of analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Southwestern Energy in a report on Sunday, September 3rd. Cowen reissued a “buy” rating and set a $9.00 price target on shares of Southwestern Energy in a research note on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating on shares of Southwestern Energy in a research note on Thursday, September 14th. Piper Jaffray Companies decreased their price target on Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Finally, Wolfe Research raised Southwestern Energy from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $6.00 to $7.00 in a research note on Wednesday, September 20th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $8.90.

Shares of Southwestern Energy (SWN) traded down $0.02 on Thursday, reaching $5.32. The company’s stock had a trading volume of 16,210,000 shares, compared to its average volume of 17,800,000. Southwestern Energy has a 12 month low of $4.90 and a 12 month high of $11.36. The stock has a market cap of $2,730.00, a price-to-earnings ratio of 8.58 and a beta of 1.23. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88.

Institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. acquired a new position in Southwestern Energy in the 3rd quarter valued at $1,880,000. Airain ltd raised its holdings in Southwestern Energy by 4.6% in the 2nd quarter. Airain ltd now owns 423,311 shares of the energy company’s stock valued at $2,574,000 after acquiring an additional 18,730 shares during the last quarter. Brookfield Asset Management Inc. acquired a new position in Southwestern Energy in the 2nd quarter valued at $3,040,000. Bank of New York Mellon Corp raised its holdings in Southwestern Energy by 27.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,769,507 shares of the energy company’s stock valued at $35,078,000 after acquiring an additional 1,231,562 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in Southwestern Energy by 315.3% in the 2nd quarter. Engineers Gate Manager LP now owns 525,699 shares of the energy company’s stock valued at $3,196,000 after acquiring an additional 399,106 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

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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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