$0.11 EPS Expected for Southwestern Energy Company (SWN) This Quarter
Equities research analysts forecast that Southwestern Energy Company (NYSE:SWN) will post $0.11 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Southwestern Energy’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at ($0.03). Southwestern Energy posted earnings per share of $0.03 in the same quarter last year, which would suggest a positive year over year growth rate of 266.7%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, October 26th.
According to Zacks, analysts expect that Southwestern Energy will report full-year earnings of $0.53 per share for the current year, with EPS estimates ranging from $0.31 to $0.81. For the next year, analysts anticipate that the firm will report earnings of $0.82 per share, with EPS estimates ranging from $0.59 to $1.09. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Southwestern Energy.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data 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). Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company had revenue of $811.00 million for the quarter, compared to analyst estimates of $810.00 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 55.4% on a year-over-year basis.
A number of research analysts recently commented on the stock. Royal Bank Of Canada set a $10.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, June 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $8.00 target price on shares of Southwestern Energy in a research report on Tuesday, September 26th. Scotiabank set a $9.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. Wolfe Research raised shares of Southwestern Energy from an “underperform” rating to a “market perform” rating and increased their target price for the company from $6.00 to $7.00 in a research report on Wednesday, September 20th. Finally, BidaskClub downgraded shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.65.
Shares of Southwestern Energy (SWN) opened at 5.93 on Friday. The firm’s market capitalization is $2.95 billion. The stock’s 50 day moving average is $5.75 and its 200 day moving average is $6.38. Southwestern Energy has a 1-year low of $5.00 and a 1-year high of $14.38.
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Several hedge funds have recently added to or reduced their stakes in SWN. Comerica Bank lifted its stake in shares of Southwestern Energy by 0.8% in the 1st quarter. Comerica Bank now owns 152,631 shares of the energy company’s stock worth $1,171,000 after acquiring an additional 1,149 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Southwestern Energy by 1.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,369,661 shares of the energy company’s stock worth $11,190,000 after acquiring an additional 18,930 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Southwestern Energy by 31.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,938 shares of the energy company’s stock worth $302,000 after acquiring an additional 8,804 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Southwestern Energy by 18.5% in the 1st quarter. Ameriprise Financial Inc. now owns 846,058 shares of the energy company’s stock worth $6,912,000 after acquiring an additional 132,258 shares during the period. Finally, Mason Street Advisors LLC lifted its stake in shares of Southwestern Energy by 2.5% in the 1st quarter. Mason Street Advisors LLC now owns 68,815 shares of the energy company’s stock worth $562,000 after acquiring an additional 1,678 shares during the period. Institutional investors own 89.55% 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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