Southwestern Energy (NYSE:SWN) Issues Earnings Results, Misses Expectations By $0.02 EPS

Southwestern Energy (NYSE:SWN – Get Rating) posted its quarterly earnings data on Thursday. The energy company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02), Briefing.com reports. Southwestern Energy had a positive return on equity of 203.77% and a negative net margin of 32.56%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the business posted $0.19 EPS. The business’s quarterly revenue was up 294.1% on a year-over-year basis.

Southwestern Energy Trading Up 5.2 %

Shares of SWN traded up $0.34 during mid-day trading on Friday, reaching $6.83. The company’s stock had a trading volume of 31,863,335 shares, compared to its average volume of 35,102,590. The stock has a market cap of $7.62 billion, a PE ratio of -2.04 and a beta of 1.23. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.04. Southwestern Energy has a 52 week low of $3.81 and a 52 week high of $9.87. The company’s fifty day moving average price is $7.22 and its two-hundred day moving average price is $6.54.

Institutional Investors Weigh In On Southwestern Energy

A number of hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC bought a new stake in shares of Southwestern Energy in the 1st quarter worth approximately $80,000. Quantbot Technologies LP purchased a new position in shares of Southwestern Energy in the first quarter worth $1,057,000. Shay Capital LLC purchased a new position in shares of Southwestern Energy in the first quarter worth $592,000. Eaton Vance Management increased its stake in shares of Southwestern Energy by 24.7% in the first quarter. Eaton Vance Management now owns 17,368 shares of the energy company’s stock worth $124,000 after buying an additional 3,436 shares during the period. Finally, First Republic Investment Management Inc. purchased a new position in shares of Southwestern Energy in the first quarter worth $148,000. 85.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SWN. Raymond James lifted their target price on shares of Southwestern Energy from $9.00 to $10.50 and gave the stock an “outperform” rating in a research note on Monday, April 25th. Wells Fargo & Company upgraded shares of Southwestern Energy from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $10.00 to $12.00 in a research note on Monday, July 11th. Truist Financial lifted their target price on shares of Southwestern Energy from $5.00 to $9.00 in a research note on Thursday, April 21st. Susquehanna lifted their target price on shares of Southwestern Energy from $7.00 to $9.00 and gave the stock a “positive” rating in a research note on Monday, April 25th. Finally, Susquehanna Bancshares lifted their target price on shares of Southwestern Energy from $7.00 to $9.00 and gave the stock a “positive” rating in a research note on Monday, April 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.35.

Southwestern Energy announced that its Board of Directors has authorized a share buyback program on Tuesday, June 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the energy company to purchase up to 13.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

About Southwestern Energy

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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.