Southwestern Energy Company (NYSE:SWN) – Equities research analysts at Jefferies Group decreased their Q1 2018 earnings per share (EPS) estimates for Southwestern Energy in a note issued to investors on Thursday. Jefferies Group analyst Z. Parham now forecasts that the energy company will post earnings per share of $0.27 for the quarter, down from their previous forecast of $0.30. Jefferies Group also issued estimates for Southwestern Energy’s Q4 2018 earnings at $0.31 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.24 EPS and FY2019 earnings at $1.06 EPS.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The business had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year.
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Other equities research analysts have also issued reports about the company. Citigroup Inc. decreased their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Cowen and Company reiterated a “buy” rating and set a $9.00 price target on shares of Southwestern Energy in a report on Tuesday, September 12th. BMO Capital Markets set a $9.00 price target on Southwestern Energy and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays PLC reduced their price target on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $11.00.
Shares of Southwestern Energy (NYSE SWN) opened at $6.45 on Friday. Southwestern Energy has a 1 year low of $4.90 and a 1 year high of $12.85. The company has a market capitalization of $3,140.00, a PE ratio of 15.52 and a beta of 1.17. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors increased its position in shares of Southwestern Energy by 1.4% during the second quarter. Capital World Investors now owns 8,944,540 shares of the energy company’s stock valued at $54,383,000 after purchasing an additional 121,765 shares during the period. Sterling Capital Management LLC increased its position in shares of Southwestern Energy by 77.5% during the second quarter. Sterling Capital Management LLC now owns 8,405,909 shares of the energy company’s stock valued at $51,108,000 after purchasing an additional 3,669,743 shares during the period. Bridgewater Associates LP increased its position in shares of Southwestern Energy by 117.5% during the second quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock valued at $50,068,000 after purchasing an additional 4,449,396 shares during the period. Ontario Teachers Pension Plan Board increased its position in shares of Southwestern Energy by 22.8% during the second quarter. Ontario Teachers Pension Plan Board now owns 7,563,624 shares of the energy company’s stock valued at $45,987,000 after purchasing an additional 1,405,925 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its position in shares of Southwestern Energy by 57.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 6,840,087 shares of the energy company’s stock valued at $41,588,000 after purchasing an additional 2,487,525 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.
About Southwestern Energy
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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