$0.15 EPS Expected for Southwestern Energy Company (SWN) This Quarter
Wall Street brokerages expect that Southwestern Energy Company (NYSE:SWN) will report earnings per share (EPS) of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Southwestern Energy’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.21. Southwestern Energy reported earnings per share of $0.08 in the same quarter last year, which indicates a positive year over year growth rate of 87.5%. The company is expected to announce its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Southwestern Energy will report full-year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.53. For the next fiscal year, analysts expect that the business will post earnings of $0.85 per share, with EPS estimates ranging from $0.64 to $1.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Southwestern Energy.
Southwestern Energy (NYSE:SWN) last posted its quarterly 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). The firm had revenue of $737.00 million for the quarter, compared to the consensus estimate of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Several research analysts have recently weighed in on SWN shares. Scotiabank set a $8.00 price target on Southwestern Energy and gave the stock a “hold” rating in a research note on Saturday, October 21st. Stifel Nicolaus reissued a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Barclays dropped their price objective on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Piper Jaffray Companies set a $8.00 price objective on Southwestern Energy and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Morgan Stanley raised their price target on Southwestern Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Wednesday, October 18th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. Southwestern Energy currently has an average rating of “Hold” and an average target price of $11.00.
Southwestern Energy (SWN) traded up $0.02 during mid-day trading on Friday, hitting $6.38. The stock had a trading volume of 18,250,000 shares, compared to its average volume of 16,920,000. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $3,270.00, a P/E ratio of 15.95 and a beta of 1.23. Southwestern Energy has a 12 month low of $4.90 and a 12 month high of $12.85.
Several hedge funds have recently modified their holdings of the company. Shell Asset Management Co. purchased a new position in shares of Southwestern Energy in the 3rd quarter valued at approximately $1,880,000. Airain ltd lifted its stake in shares of Southwestern Energy by 4.6% in the 2nd quarter. Airain ltd now owns 423,311 shares of the energy company’s stock valued at $2,574,000 after purchasing an additional 18,730 shares during the period. Brookfield Asset Management Inc. purchased a new position in shares of Southwestern Energy in the 2nd quarter valued at approximately $3,040,000. Bank of New York Mellon Corp lifted its stake in shares of Southwestern Energy by 27.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,769,507 shares of the energy company’s stock valued at $35,078,000 after purchasing an additional 1,231,562 shares during the period. Finally, Engineers Gate Manager LP lifted its stake in shares of Southwestern Energy by 315.3% in the 2nd quarter. Engineers Gate Manager LP now owns 525,699 shares of the energy company’s stock valued at $3,196,000 after purchasing an additional 399,106 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.
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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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