Zacks Research Equities Analysts Decrease Earnings Estimates for Southwestern Energy (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Analysts at Zacks Research lowered their Q1 2024 earnings per share estimates for shares of Southwestern Energy in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.12. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.62 per share. Zacks Research also issued estimates for Southwestern Energy’s Q2 2024 earnings at $0.09 EPS, Q3 2024 earnings at $0.13 EPS, Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.53 EPS, Q3 2025 earnings at $0.15 EPS and FY2026 earnings at $1.83 EPS.

A number of other equities analysts have also recently issued reports on SWN. Stifel Nicolaus reiterated a “hold” rating and set a $6.60 target price (down previously from $8.50) on shares of Southwestern Energy in a report on Tuesday, January 23rd. Seaport Res Ptn downgraded Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Susquehanna lifted their target price on Southwestern Energy from $6.50 to $7.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. UBS Group lifted their target price on Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Finally, Mizuho raised Southwestern Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $6.00 to $9.00 in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.11.

Southwestern Energy Price Performance

SWN stock remained flat at $7.27 during trading hours on Wednesday. The company’s stock had a trading volume of 6,938,607 shares, compared to its average volume of 17,525,615. The firm’s 50 day simple moving average is $7.08 and its 200-day simple moving average is $6.80. The company has a market cap of $8.01 billion, a P/E ratio of 5.18 and a beta of 1.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.82 and a current ratio of 0.82. Southwestern Energy has a 52-week low of $4.57 and a 52-week high of $7.69.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The firm’s revenue was down 49.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS.

Hedge Funds Weigh In On Southwestern Energy

A number of institutional investors have recently bought and sold shares of SWN. Price T Rowe Associates Inc. MD boosted its holdings in shares of Southwestern Energy by 4,550.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,735,368 shares of the energy company’s stock worth $108,678,000 after acquiring an additional 21,268,002 shares during the period. Kimmeridge Energy Management Company LLC bought a new stake in shares of Southwestern Energy during the fourth quarter worth approximately $120,352,000. Invesco Ltd. boosted its holdings in shares of Southwestern Energy by 269.1% during the first quarter. Invesco Ltd. now owns 13,958,070 shares of the energy company’s stock worth $100,079,000 after acquiring an additional 10,175,992 shares during the period. State Street Corp boosted its holdings in shares of Southwestern Energy by 21.5% during the first quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock worth $401,047,000 after acquiring an additional 9,882,224 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Southwestern Energy by 61.6% during the first quarter. Renaissance Technologies LLC now owns 25,513,925 shares of the energy company’s stock worth $127,570,000 after acquiring an additional 9,729,900 shares during the period. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Company Profile

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