Jefferies Group Weighs in on Southwestern Energy Company’s FY2017 Earnings (SWN)
Southwestern Energy Company (NYSE:SWN) – Equities researchers at Jefferies Group dropped their FY2017 earnings estimates for Southwestern Energy in a note issued to investors on Tuesday. Jefferies Group analyst Z. Parham now anticipates that the energy company will post earnings of $0.81 per share for the year, down from their previous forecast of $0.82. Jefferies Group also issued estimates for Southwestern Energy’s Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $1.09 EPS.
Several other research analysts have also recently weighed in on the stock. Cowen and Company set a $9.00 price target on shares of Southwestern Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. Citigroup Inc. lowered their price target on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, July 21st. BidaskClub raised shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. BMO Capital Markets reissued a “buy” rating and issued a $8.00 price target on shares of Southwestern Energy in a report on Tuesday, June 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $9.00 price target on shares of Southwestern Energy in a report on Thursday, July 20th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.33.
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Shares of Southwestern Energy (NYSE SWN) opened at 5.45 on Thursday. The stock’s market cap is $2.72 billion. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $15.59. The firm’s 50-day moving average price is $5.53 and its 200-day moving average price is $6.74.
Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.08. The business 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 for the quarter was up 55.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) earnings per share.
Several hedge funds have recently bought and sold shares of SWN. Canada Pension Plan Investment Board increased its position in shares of Southwestern Energy by 105.7% in the first quarter. Canada Pension Plan Investment Board now owns 198,878 shares of the energy company’s stock valued at $1,625,000 after buying an additional 102,199 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Southwestern Energy by 8.5% in the first quarter. Wells Fargo & Company MN now owns 975,723 shares of the energy company’s stock valued at $7,971,000 after buying an additional 76,651 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Southwestern Energy by 18.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 43,657 shares of the energy company’s stock valued at $356,000 after buying an additional 6,865 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new position in shares of Southwestern Energy during the first quarter valued at approximately $409,000. Finally, Russell Investments Group Ltd. increased its position in shares of Southwestern Energy by 21.8% in the first quarter. Russell Investments Group Ltd. now owns 3,307,285 shares of the energy company’s stock valued at $27,024,000 after buying an additional 591,401 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.
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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