KeyCorp Brokers Increase Earnings Estimates for Southwestern Energy (SWN)
Southwestern Energy (NYSE:SWN) – Stock analysts at KeyCorp lifted their Q4 2017 EPS estimates for Southwestern Energy in a report released on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the energy company will post earnings per share of $0.07 for the quarter, up from their previous forecast of $0.06. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Southwestern Energy’s Q4 2018 earnings at $0.21 EPS.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the 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 company had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $773.99 million. During the same quarter last year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year.
Southwestern Energy (NYSE SWN) opened at $5.11 on Friday. Southwestern Energy has a 12 month low of $4.90 and a 12 month high of $11.36. The firm has a market capitalization of $2,620.00, a P/E ratio of 13.88 and a beta of 1.23. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66.
A number of institutional investors have recently added to or reduced their stakes in SWN. Zacks Investment Management purchased a new stake in shares of Southwestern Energy in the second quarter valued at $105,000. Cetera Investment Advisers purchased a new stake in Southwestern Energy during the second quarter valued at about $108,000. MML Investors Services LLC grew its position in Southwestern Energy by 5.3% during the second quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock valued at $109,000 after acquiring an additional 900 shares during the period. Sciencast Management LP purchased a new stake in Southwestern Energy during the second quarter valued at about $126,000. Finally, HRT Financial LLC purchased a new stake in Southwestern Energy during the second quarter valued at about $127,000. 88.71% of the stock is owned by institutional investors.
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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