Southwestern Energy (NYSE:SWN) Forecasted to Post Q1 2024 Earnings of $0.11 Per Share

Southwestern Energy (NYSE:SWN) – Analysts at Zacks Research cut their Q1 2024 earnings estimates for Southwestern Energy in a research report issued on Tuesday, April 16th. Zacks Research analyst R. Department now anticipates that the energy company will post earnings of $0.11 per share for the quarter, down from their prior 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.

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

A number of other research analysts have also recently commented on the stock. Mizuho raised shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $6.00 to $9.00 in a research report on Monday, February 26th. Scotiabank cut shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and upped their price target for the company from $9.00 to $9.50 in a report on Thursday, April 11th. Susquehanna upped their price target on shares of Southwestern Energy from $6.50 to $7.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $6.60 price target (down from $8.50) on shares of Southwestern Energy in a report on Tuesday, January 23rd. Finally, StockNews.com started coverage on shares of Southwestern Energy in a report on Friday, April 12th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Southwestern Energy presently has a consensus rating of “Hold” and a consensus target price of $8.11.

Southwestern Energy Stock Performance

NYSE SWN opened at $7.27 on Wednesday. The company’s fifty day simple moving average is $7.10 and its 200-day simple moving average is $6.80. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.69. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. The stock has a market cap of $8.01 billion, a P/E ratio of 5.16 and a beta of 1.12.

Hedge Funds Weigh In On Southwestern Energy

Several institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC lifted its holdings in Southwestern Energy by 5,710.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 683,045 shares of the energy company’s stock valued at $4,406,000 after acquiring an additional 671,290 shares during the last quarter. Kimmeridge Energy Management Company LLC acquired a new stake in Southwestern Energy in the 4th quarter valued at about $120,352,000. American Century Companies Inc. lifted its holdings in Southwestern Energy by 27.9% in the 3rd quarter. American Century Companies Inc. now owns 1,073,641 shares of the energy company’s stock valued at $6,925,000 after acquiring an additional 234,132 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Southwestern Energy by 16.0% in the 3rd quarter. Schroder Investment Management Group now owns 2,180,461 shares of the energy company’s stock valued at $14,064,000 after acquiring an additional 300,574 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in Southwestern Energy by 123.4% in the 3rd quarter. TD Asset Management Inc now owns 519,600 shares of the energy company’s stock valued at $3,351,000 after acquiring an additional 287,000 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.

About Southwestern Energy

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.