Zacks: Brokerages Anticipate Southwestern Energy Company (SWN) Will Announce Earnings of $0.17 Per Share
Wall Street analysts predict that Southwestern Energy Company (NYSE:SWN) will post $0.17 earnings per share for the current quarter, according to Zacks. Seven analysts have provided estimates for Southwestern Energy’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.09. Southwestern Energy reported earnings per share of ($0.09) during the same quarter last year, which would suggest a positive year over year growth rate of 288.9%. The company is scheduled to report its next earnings report after the market closes on Thursday, August 3rd.
On average, analysts expect that Southwestern Energy will report full year earnings of $0.66 per share for the current year, with EPS estimates ranging from $0.49 to $0.86. For the next fiscal year, analysts expect that the business will report earnings of $0.90 per share, with EPS estimates ranging from $0.65 to $1.29. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Southwestern Energy.
Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, April 27th. The energy company reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The firm had revenue of $846 million for the quarter, compared to analysts’ expectations of $765.03 million. Southwestern Energy had a negative net margin of 43.91% and a positive return on equity of 17.89%. Southwestern Energy’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) EPS.
A number of research analysts recently issued reports on SWN shares. Cowen and Company set a $9.00 price target on Southwestern Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. Citigroup Inc. dropped their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday. Barclays PLC reissued an “equal weight” rating and set a $9.00 price objective (down from $10.00) on shares of Southwestern Energy in a report on Saturday, April 22nd. Scotiabank set a $10.00 price objective on Southwestern Energy and gave the stock a “hold” rating in a report on Monday, March 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $10.00 price objective on shares of Southwestern Energy in a report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company’s stock. Southwestern Energy has a consensus rating of “Hold” and a consensus target price of $12.91.
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A number of large investors have recently bought and sold shares of the stock. Cleararc Capital Inc. increased its stake in shares of Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after buying an additional 261 shares during the last quarter. Financial Counselors Inc. bought a new stake in shares of Southwestern Energy during the first quarter valued at about $101,000. Tudor Investment Corp ET AL bought a new stake in shares of Southwestern Energy during the first quarter valued at about $102,000. Pinnacle Associates Ltd. bought a new stake in shares of Southwestern Energy during the first quarter valued at about $103,000. Finally, Macquarie Group Ltd. increased its stake in shares of Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock valued at $107,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 92.89% of the company’s stock.
Southwestern Energy (SWN) opened at 5.64 on Tuesday. The firm’s 50-day moving average is $5.93 and its 200 day moving average is $7.52. Southwestern Energy has a 1-year low of $5.46 and a 1-year high of $15.59. The firm’s market cap is $2.79 billion.
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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