Brokerages Expect Southwestern Energy (NYSE:SWN) Will Announce Earnings of $0.28 Per Share

Brokerages predict that Southwestern Energy (NYSE:SWN) will announce earnings of $0.28 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Southwestern Energy’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.40. Southwestern Energy posted earnings per share of $0.08 in the same quarter last year, which would indicate a positive year-over-year growth rate of 250%. The company is scheduled to report its next quarterly earnings results on Thursday, November 4th.

On average, analysts expect that Southwestern Energy will report full-year earnings of $1.14 per share for the current year, with EPS estimates ranging from $0.93 to $1.33. For the next fiscal year, analysts forecast that the business will report earnings of $1.40 per share, with EPS estimates ranging from $0.97 to $1.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Southwestern Energy.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Wednesday, July 28th. The energy company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Southwestern Energy had a negative net margin of 35.41% and a positive return on equity of 135.54%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $884.62 million.

SWN has been the topic of a number of research analyst reports. Raymond James boosted their price target on Southwestern Energy from $6.50 to $7.00 and gave the stock an “outperform” rating in a report on Tuesday. Wells Fargo & Company lowered their price target on Southwestern Energy from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, August 23rd. Susquehanna Bancshares raised Southwestern Energy from a “neutral” rating to a “positive” rating and set a $4.86 price target on the stock in a report on Monday, July 26th. Johnson Rice cut Southwestern Energy from a “buy” rating to an “accumulate” rating and boosted their price target for the stock from $6.75 to $7.50 in a report on Tuesday, June 8th. Finally, Mizuho reissued a “buy” rating on shares of Southwestern Energy in a report on Friday, September 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.56.

NYSE SWN opened at $4.97 on Wednesday. The stock’s 50 day moving average is $4.77 and its 200 day moving average is $4.80. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.80. Southwestern Energy has a 12 month low of $2.18 and a 12 month high of $5.85. The stock has a market cap of $5.04 billion, a PE ratio of -2.54 and a beta of 1.44.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWN. Natixis Advisors L.P. bought a new position in shares of Southwestern Energy during the 1st quarter valued at approximately $2,267,000. Los Angeles Capital Management LLC increased its position in shares of Southwestern Energy by 76.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 297,221 shares of the energy company’s stock valued at $1,382,000 after purchasing an additional 128,475 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of Southwestern Energy during the 1st quarter valued at approximately $57,000. Alliancebernstein L.P. increased its position in shares of Southwestern Energy by 1.8% during the 1st quarter. Alliancebernstein L.P. now owns 860,070 shares of the energy company’s stock valued at $3,999,000 after purchasing an additional 15,470 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Southwestern Energy by 1.4% during the 1st quarter. Rhumbline Advisers now owns 2,198,376 shares of the energy company’s stock valued at $10,222,000 after purchasing an additional 30,527 shares during the last quarter. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Southwestern Energy Company Profile

Southwestern Energy Co is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P), and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P.

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

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