FY2017 EPS Estimates for Southwestern Energy Company Cut by Analyst (SWN)
Southwestern Energy Company (NYSE:SWN) – Investment analysts at KeyCorp lowered their FY2017 earnings per share (EPS) estimates for shares of Southwestern Energy in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the energy company will earn $0.38 per share for the year, down from their previous forecast of $0.41. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Southwestern Energy’s Q4 2017 earnings at $0.06 EPS and Q4 2018 earnings at $0.17 EPS.
Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The firm had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. During the same quarter last year, the firm posted $0.03 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis.
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Several other equities analysts have also recently issued reports on SWN. Cowen and Company restated a “buy” rating and issued a $9.00 price target on shares of Southwestern Energy in a research report on Tuesday, September 12th. Scotiabank set a $8.00 price target on Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, October 21st. Barclays PLC dropped their price target on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating on shares of Southwestern Energy in a research report on Thursday, September 14th. Finally, BidaskClub upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.00.
Shares of Southwestern Energy (SWN) opened at $6.34 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66. Southwestern Energy has a 52-week low of $4.90 and a 52-week high of $12.85. The company has a market capitalization of $3,171.92, a PE ratio of 15.48 and a beta of 1.17.
Several large investors have recently made changes to their positions in the company. California Public Employees Retirement System boosted its stake in shares of Southwestern Energy by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 1,065,022 shares of the energy company’s stock worth $6,507,000 after acquiring an additional 37,522 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Southwestern Energy by 1,593.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 233,364 shares of the energy company’s stock worth $1,426,000 after acquiring an additional 219,586 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Southwestern Energy by 784.8% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 930,490 shares of the energy company’s stock worth $5,684,000 after acquiring an additional 825,332 shares in the last quarter. Castleton Investment Management LLC boosted its stake in shares of Southwestern Energy by 107.9% during the 3rd quarter. Castleton Investment Management LLC now owns 1,002,004 shares of the energy company’s stock worth $6,122,000 after acquiring an additional 520,000 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Southwestern Energy by 1.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 3,343,082 shares of the energy company’s stock worth $20,426,000 after acquiring an additional 60,377 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.
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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