Southwestern Energy (NYSE:SWN) – Equities researchers at Capital One Financial lowered their Q3 2019 earnings per share estimates for Southwestern Energy in a research report issued on Thursday, August 8th. Capital One Financial analyst B. Velie now forecasts that the energy company will earn $0.16 per share for the quarter, down from their prior estimate of $0.17. Capital One Financial also issued estimates for Southwestern Energy’s FY2020 earnings at $0.79 EPS.

Several other brokerages have also weighed in on SWN. Evercore ISI set a $6.00 price target on Southwestern Energy and gave the company a “hold” rating in a research note on Wednesday, August 7th. Mitsubishi UFJ Financial Group cut their price objective on Southwestern Energy to $3.50 and set a “neutral” rating for the company in a research note on Monday. Bank of America reiterated an “underperform” rating and set a $2.50 price objective (down from $3.00) on shares of Southwestern Energy in a research note on Wednesday, August 7th. Credit Suisse Group lowered Southwestern Energy from a “neutral” rating to an “underperform” rating and set a $2.83 price objective for the company. in a research note on Tuesday, July 9th. Finally, Zacks Investment Research lowered Southwestern Energy from a “hold” rating to a “sell” rating and set a $3.00 price objective for the company. in a research note on Monday, July 22nd. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $4.43.

Shares of Southwestern Energy stock opened at $1.80 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.74. Southwestern Energy has a twelve month low of $1.64 and a twelve month high of $6.23. The company has a 50-day simple moving average of $2.47. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 1.76, a PEG ratio of 0.34 and a beta of 1.02.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). Southwestern Energy had a net margin of 26.70% and a return on equity of 19.16%. The business had revenue of $667.00 million during the quarter, compared to analysts’ expectations of $851.21 million. During the same quarter in the prior year, the firm earned $0.18 EPS. Southwestern Energy’s revenue for the quarter was down 18.3% on a year-over-year basis.

Several hedge funds have recently bought and sold shares of SWN. Norges Bank purchased a new stake in shares of Southwestern Energy in the fourth quarter valued at approximately $29,967,000. FMR LLC grew its position in shares of Southwestern Energy by 5.6% in the first quarter. FMR LLC now owns 82,398,453 shares of the energy company’s stock valued at $386,448,000 after purchasing an additional 4,393,227 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Southwestern Energy by 15.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,097,406 shares of the energy company’s stock valued at $102,636,000 after purchasing an additional 4,004,463 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Southwestern Energy by 60.3% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,551,476 shares of the energy company’s stock valued at $11,223,000 after purchasing an additional 1,335,476 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in shares of Southwestern Energy by 37.6% in the second quarter. Wedge Capital Management L L P NC now owns 4,691,903 shares of the energy company’s stock valued at $14,826,000 after purchasing an additional 1,281,958 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

In related news, insider William J. Way purchased 100,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $1.91 per share, for a total transaction of $191,000.00. Following the completion of the transaction, the insider now directly owns 771,362 shares of the company’s stock, valued at $1,473,301.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Julian Mark Bott purchased 25,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $1.90 per share, with a total value of $47,500.00. Following the completion of the transaction, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at $47,500. The disclosure for this purchase can be found here. 0.66% of the stock is currently owned by insiders.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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Earnings History and Estimates for Southwestern Energy (NYSE:SWN)

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