US Capital Advisors Analysts Lower Earnings Estimates for Southwestern Energy Company (SWN)
Southwestern Energy Company (NYSE:SWN) – Research analysts at US Capital Advisors cut their Q2 2017 EPS estimates for shares of Southwestern Energy in a note issued to investors on Tuesday. US Capital Advisors analyst C. Horwitz now forecasts that the energy company will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.13. US Capital Advisors also issued estimates for Southwestern Energy’s Q4 2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.32 EPS and FY2018 earnings at $0.93 EPS.
A number of other brokerages have also issued reports on SWN. Scotiabank set a $9.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. Barclays PLC restated an “equal weight” rating and issued a $9.00 target price (down previously from $10.00) on shares of Southwestern Energy in a research note on Saturday, April 22nd. BidaskClub upgraded shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Iberia Capital upped their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 2nd. Finally, Royal Bank Of Canada set a $10.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a research note on Saturday, June 10th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Southwestern Energy has a consensus rating of “Hold” and a consensus price target of $12.65.
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Southwestern Energy (NYSE SWN) opened at 5.92 on Wednesday. The stock’s market cap is $2.93 billion. Southwestern Energy has a 12-month low of $5.46 and a 12-month high of $15.59. The company’s 50 day moving average price is $5.93 and its 200-day moving average price is $7.52.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, April 27th. The energy company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. Southwestern Energy had a positive return on equity of 17.89% and a negative net margin of 43.91%. The firm had revenue of $846 million for the quarter, compared to analyst estimates of $765.03 million. During the same quarter last year, the company posted ($0.08) earnings per share. The business’s revenue was up 46.1% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of SWN. Cleararc Capital Inc. boosted its position in 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 period. Financial Counselors Inc. bought a new position in Southwestern Energy during the first quarter valued at about $101,000. Tudor Investment Corp ET AL bought a new position in Southwestern Energy during the first quarter valued at about $102,000. Pinnacle Associates Ltd. bought a new position in Southwestern Energy during the first quarter valued at about $103,000. Finally, Macquarie Group Ltd. boosted its position in 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 period. Institutional investors and hedge funds own 92.89% 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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