Southwestern Energy Company (SWN) to Post Q2 2018 Earnings of $0.14 Per Share, Seaport Global Securities Forecasts
Southwestern Energy Company (NYSE:SWN) – Research analysts at Seaport Global Securities dropped their Q2 2018 earnings estimates for Southwestern Energy in a research report issued on Wednesday. Seaport Global Securities analyst M. Kelly now expects that the energy company will post earnings per share of $0.14 for the quarter, down from their previous estimate of $0.15. Seaport Global Securities also issued estimates for Southwestern Energy’s FY2018 earnings at $0.65 EPS.
Several other analysts have also issued reports on the company. Royal Bank Of Canada restated a “hold” rating and issued a $9.00 target price on shares of Southwestern Energy in a research note on Thursday. Cowen and Company set a $9.00 target price on Southwestern Energy and gave the company a “buy” rating in a research note on Wednesday. Barclays PLC restated a “hold” rating and issued a $6.00 target price on shares of Southwestern Energy in a research note on Friday, July 7th. Scotiabank set a $9.00 target price on Southwestern Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, BidaskClub upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Southwestern Energy presently has a consensus rating of “Hold” and an average price target of $13.04.
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Shares of Southwestern Energy (SWN) traded down 2.101% during mid-day trading on Friday, hitting $5.825. 10,886,692 shares of the stock traded hands. The stock’s market cap is $2.88 billion. The firm’s 50 day moving average price is $5.94 and its 200-day moving average price is $7.60. Southwestern Energy has a 12-month low of $5.46 and a 12-month high of $15.59.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, April 27th. The energy company reported $0.18 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $846 million for the quarter, compared to the consensus estimate of $765.03 million. Southwestern Energy had a negative net margin of 43.91% and a positive return on equity of 17.89%. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) earnings per share.
A number of institutional investors have recently bought and sold shares of the company. Granite Investment Advisors LLC boosted its position in Southwestern Energy by 15.3% in the first quarter. Granite Investment Advisors LLC now owns 707,830 shares of the energy company’s stock valued at $5,783,000 after buying an additional 93,856 shares during the last quarter. DnB Asset Management AS boosted its position in Southwestern Energy by 25.2% in the first quarter. DnB Asset Management AS now owns 48,627 shares of the energy company’s stock worth $397,000 after buying an additional 9,800 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Southwestern Energy during the first quarter worth about $233,000. Gulf International Bank UK Ltd boosted its position in Southwestern Energy by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 147,639 shares of the energy company’s stock worth $1,206,000 after buying an additional 3,150 shares during the last quarter. Finally, Creative Planning boosted its position in Southwestern Energy by 26.1% in the first quarter. Creative Planning now owns 25,448 shares of the energy company’s stock worth $208,000 after buying an additional 5,266 shares during the last quarter. Institutional investors and hedge funds own 93.32% of the company’s stock.
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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