Southwestern Energy Forecasted to Post Q3 2024 Earnings of $0.19 Per Share (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Investment analysts at Seaport Res Ptn upped their Q3 2024 earnings per share estimates for shares of Southwestern Energy in a research report issued on Thursday, May 23rd. Seaport Res Ptn analyst N. Pope now expects that the energy company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.16. Seaport Res Ptn currently has a “Neutral” rating on the stock. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.59 per share. Seaport Res Ptn also issued estimates for Southwestern Energy’s Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.67 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $0.92 EPS.

Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, May 2nd. The energy company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business earned $0.31 earnings per share. The firm’s revenue was down 33.1% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the company. Piper Sandler reiterated a “neutral” rating and set a $7.00 price target (down from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Scotiabank cut Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. Stifel Nicolaus lifted their price target on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. StockNews.com assumed coverage on Southwestern Energy in a research report on Wednesday. They set a “hold” rating on the stock. Finally, Mizuho lifted their target price on Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Southwestern Energy has a consensus rating of “Hold” and an average price target of $8.25.

Southwestern Energy Stock Up 1.1 %

SWN opened at $7.39 on Friday. Southwestern Energy has a 12 month low of $4.72 and a 12 month high of $7.80. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $8.15 billion, a P/E ratio of -4.25 and a beta of 1.15. The stock’s 50 day moving average price is $7.41 and its 200 day moving average price is $6.91.

Institutional Trading of Southwestern Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its stake in shares of Southwestern Energy by 118.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 75,479 shares of the energy company’s stock worth $487,000 after purchasing an additional 41,000 shares during the period. Panagora Asset Management Inc. increased its stake in Southwestern Energy by 16.8% during the third quarter. Panagora Asset Management Inc. now owns 22,458 shares of the energy company’s stock valued at $145,000 after acquiring an additional 3,234 shares during the period. Coldstream Capital Management Inc. increased its stake in Southwestern Energy by 21.7% during the third quarter. Coldstream Capital Management Inc. now owns 15,508 shares of the energy company’s stock valued at $100,000 after acquiring an additional 2,769 shares during the period. California Public Employees Retirement System increased its stake in Southwestern Energy by 2.0% during the third quarter. California Public Employees Retirement System now owns 2,136,753 shares of the energy company’s stock valued at $13,782,000 after acquiring an additional 42,797 shares during the period. Finally, Capula Management Ltd acquired a new stake in Southwestern Energy during the third quarter valued at approximately $298,000. 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.