Southwestern Energy Company (SWN) Set to Announce Earnings on Thursday
Southwestern Energy Company (NYSE:SWN) is scheduled to be releasing its earnings data after the market closes on Thursday, October 26th. Analysts expect Southwestern Energy to post earnings of $0.13 per share for the quarter.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.08). The business had revenue of $811.00 million during the quarter, compared to the consensus estimate of $810.00 million. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. 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 business posted ($0.09) earnings per share. On average, analysts expect Southwestern Energy to post $0.49 EPS for the current fiscal year and $0.77 EPS for the next fiscal year.
Shares of Southwestern Energy Company (NYSE:SWN) opened at 5.47 on Thursday. The stock has a 50 day moving average price of $5.84 and a 200-day moving average price of $6.25. Southwestern Energy Company has a 12 month low of $5.00 and a 12 month high of $12.85. The company’s market capitalization is $2.73 billion.
Several brokerages have recently weighed in on SWN. Scotiabank set a $9.00 price target on Southwestern Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Morgan Stanley increased their price target on Southwestern Energy from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Wednesday. BidaskClub upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Royal Bank Of Canada set a $8.00 price target on Southwestern Energy and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies reduced their price target on Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. Six equities 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’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.33.
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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