Southwestern Energy (NYSE:SWN) to Post FY2017 Earnings of $0.47 Per Share, Seaport Global Securities Forecasts

Southwestern Energy (NYSE:SWN) – Analysts at Seaport Global Securities raised their FY2017 earnings per share estimates for shares of Southwestern Energy in a research note issued on Tuesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will earn $0.47 per share for the year, up from their previous estimate of $0.46. Seaport Global Securities also issued estimates for Southwestern Energy’s Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.84 EPS.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a return on equity of 10.70% and a net margin of 10.45%. The firm had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $773.99 million. During the same quarter last year, the business earned $0.03 earnings per share. The business’s quarterly revenue was up 13.2% on a year-over-year basis.

SWN has been the subject of several other research reports. KeyCorp reaffirmed a “hold” rating on shares of Southwestern Energy in a research note on Friday, November 10th. Mizuho downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 21st. BMO Capital Markets set a $9.00 price objective on shares of Southwestern Energy and gave the company a “buy” rating in a report on Tuesday, November 14th. Robert W. Baird reissued a “hold” rating and set a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, September 26th. Finally, Wolfe Research raised shares of Southwestern Energy from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $6.00 to $7.00 in a research note on Wednesday, September 20th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Southwestern Energy currently has an average rating of “Hold” and an average price target of $8.95.

Shares of Southwestern Energy (SWN) traded up $0.11 during trading on Wednesday, reaching $5.52. The company had a trading volume of 41,331,813 shares, compared to its average volume of 26,545,141. Southwestern Energy has a one year low of $4.90 and a one year high of $10.45. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66. The company has a market cap of $2,830.00, a PE ratio of 8.90 and a beta of 1.23.

Several large investors have recently modified their holdings of SWN. US Bancorp DE boosted its holdings in Southwestern Energy by 6.6% during the second quarter. US Bancorp DE now owns 31,715 shares of the energy company’s stock worth $193,000 after buying an additional 1,959 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Southwestern Energy by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 92,056 shares of the energy company’s stock valued at $560,000 after buying an additional 341 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Southwestern Energy by 11.0% in the second quarter. Great West Life Assurance Co. Can now owns 314,536 shares of the energy company’s stock valued at $1,909,000 after buying an additional 31,240 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Southwestern Energy by 182.8% in the second quarter. Canada Pension Plan Investment Board now owns 562,378 shares of the energy company’s stock valued at $3,419,000 after buying an additional 363,500 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Southwestern Energy by 26.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,038,414 shares of the energy company’s stock worth $18,474,000 after purchasing an additional 635,222 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

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Southwestern Energy Company Profile

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

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