Southwestern Energy Company (NYSE:SWN) Scheduled to Post Quarterly Earnings on Thursday
Southwestern Energy Company (NYSE:SWN) will issue its quarterly earnings data after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, April 27th. The energy company reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. Southwestern Energy had a negative net margin of 43.91% and a positive return on equity of 17.89%. The firm had revenue of $846 million for the quarter, compared to analyst estimates of $765.03 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. On average, analysts expect Southwestern Energy to post $0.64 EPS for the current fiscal year and $0.87 EPS for the next fiscal year.
Southwestern Energy Company (NYSE SWN) traded up 2.20% during mid-day trading on Thursday, hitting $6.04. 17,388,071 shares of the company were exchanged. The stock’s market cap is $2.99 billion. The firm has a 50 day moving average price of $5.93 and a 200 day moving average price of $7.47. Southwestern Energy Company has a 12 month low of $5.46 and a 12 month high of $15.59.
SWN has been the topic of several analyst reports. Jefferies Group LLC restated a “hold” rating and set a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, April 4th. Cowen and Company upgraded Southwestern Energy from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $14.00 to $11.00 in a report on Wednesday, April 19th. Barclays PLC restated 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. National Securities restated a “buy” rating and set a $14.00 price objective on shares of Southwestern Energy in a report on Monday, May 1st. Finally, Iberia Capital lifted their price objective on Southwestern Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 2nd. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $12.65.
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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