Q3 2020 Earnings Estimate for Southwestern Energy (NYSE:SWN) Issued By Capital One Financial

Southwestern Energy (NYSE:SWN) – Equities research analysts at Capital One Financial lifted their Q3 2020 earnings per share (EPS) estimates for shares of Southwestern Energy in a research report issued on Wednesday, June 24th. Capital One Financial analyst B. Velie now expects that the energy company will earn $0.06 per share for the quarter, up from their prior estimate of $0.04. Capital One Financial also issued estimates for Southwestern Energy’s FY2021 earnings at $0.58 EPS.

Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, April 30th. The energy company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The business had revenue of $592.00 million for the quarter, compared to analysts’ expectations of $659.76 million. Southwestern Energy had a negative net margin of 47.35% and a positive return on equity of 8.56%. The firm’s revenue for the quarter was down 40.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share.

Several other analysts have also recently weighed in on SWN. SunTrust Banks upped their price objective on shares of Southwestern Energy from $1.00 to $3.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. UBS Group upped their price objective on shares of Southwestern Energy from $1.90 to $2.00 and gave the stock a “neutral” rating in a research note on Monday. Citigroup upped their price objective on shares of Southwestern Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. ValuEngine cut shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Co reaffirmed an “underweight” rating and set a $3.50 price objective on shares of Southwestern Energy in a research note on Thursday, June 25th. Six investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.93.

NYSE SWN opened at $2.53 on Monday. The stock has a market cap of $1.30 billion, a P/E ratio of -1.10 and a beta of 1.56. The company’s 50-day simple moving average is $2.98 and its 200 day simple moving average is $2.28. Southwestern Energy has a twelve month low of $1.06 and a twelve month high of $3.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.41.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in Southwestern Energy by 85.3% in the fourth quarter. Victory Capital Management Inc. now owns 255,274 shares of the energy company’s stock worth $401,000 after purchasing an additional 117,491 shares during the period. Swiss National Bank increased its position in shares of Southwestern Energy by 1.9% during the fourth quarter. Swiss National Bank now owns 1,036,300 shares of the energy company’s stock worth $2,508,000 after acquiring an additional 18,900 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Southwestern Energy by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 92,884 shares of the energy company’s stock worth $225,000 after acquiring an additional 8,802 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Southwestern Energy by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,340,775 shares of the energy company’s stock worth $8,085,000 after acquiring an additional 69,627 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Southwestern Energy by 59.5% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 97,521 shares of the energy company’s stock worth $236,000 after acquiring an additional 36,394 shares in the last quarter.

Southwestern Energy Company Profile

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.

Further Reading: Strangles

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

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