Q1 2018 EPS Estimates for Southwestern Energy Company Cut by Jefferies Group (SWN)
Southwestern Energy Company (NYSE:SWN) – Jefferies Group lowered their Q1 2018 earnings per share estimates for shares of Southwestern Energy in a research report issued on Thursday. Jefferies Group analyst Z. Parham now forecasts that the energy company will earn $0.27 per share for the quarter, down from their prior estimate of $0.30. Jefferies Group also issued estimates for Southwestern Energy’s Q4 2018 earnings at $0.31 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.24 EPS and FY2019 earnings at $1.06 EPS.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS.
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A number of other equities analysts have also weighed in on SWN. Royal Bank Of Canada reissued a “hold” rating and issued a $9.00 price objective on shares of Southwestern Energy in a research report on Thursday, July 20th. Citigroup Inc. cut their price objective on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Zacks Investment Research lowered shares of Southwestern Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Scotiabank set a $8.00 price objective on shares of Southwestern Energy and gave the company a “hold” rating in a research report on Monday, August 7th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Southwestern Energy presently has a consensus rating of “Hold” and a consensus target price of $11.00.
Shares of Southwestern Energy (NYSE SWN) traded up $0.35 on Friday, reaching $6.45. 11,608,492 shares of the company’s stock were exchanged, compared to its average volume of 17,604,813. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $3,140.00, a PE ratio of 15.52 and a beta of 1.17. Southwestern Energy has a one year low of $4.90 and a one year high of $12.85.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL purchased a new position in shares of Southwestern Energy in the first quarter valued at $102,000. Zacks Investment Management purchased a new position in shares of Southwestern Energy in the second quarter valued at $105,000. Cetera Investment Advisers purchased a new position in shares of Southwestern Energy in the second quarter valued at $108,000. MML Investors Services LLC boosted its stake in shares of Southwestern Energy by 5.3% in the second quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock valued at $109,000 after purchasing an additional 900 shares during the period. Finally, Partnervest Advisory Services LLC purchased a new position in shares of Southwestern Energy in the second quarter valued at $122,000. Institutional investors own 89.48% 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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