Seaport Global Securities Weighs in on Southwestern Energy Company’s Q4 2017 Earnings (NYSE:SWN)
Southwestern Energy Company (NYSE:SWN) – Research analysts at Seaport Global Securities decreased their Q4 2017 EPS estimates for shares of Southwestern Energy in a research note issued on Monday. Seaport Global Securities analyst M. Kelly now expects that the energy company will post earnings per share of $0.17 for the quarter, down from their previous forecast of $0.18.
Several other equities research analysts have also recently weighed in on SWN. Cowen and Company raised shares of Southwestern Energy from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $14.00 to $11.00 in a research report on Wednesday, April 19th. Barclays PLC reaffirmed an “equal weight” rating and set a $9.00 price objective (down previously from $10.00) on shares of Southwestern Energy in a research report on Saturday, April 22nd. National Securities reaffirmed a “buy” rating and set a $14.00 price objective on shares of Southwestern Energy in a research report on Monday, May 1st. Iberia Capital upped their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada set a $10.00 price objective on shares of Southwestern Energy and gave the stock a “hold” rating in a research report on Saturday, June 10th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.60.
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Southwestern Energy (NYSE:SWN) opened at 5.20 on Tuesday. Southwestern Energy has a one year low of $5.03 and a one year high of $15.59. The company’s 50-day moving average is $5.90 and its 200 day moving average is $7.33. The company’s market capitalization is $2.57 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.08. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The firm had revenue of $811 million for the quarter, compared to the consensus estimate of $810 million. During the same period in the prior year, the business earned ($0.09) earnings per share. The company’s revenue for the quarter was up 55.4% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cleararc Capital Inc. raised its position 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 worth $100,000 after buying an additional 261 shares during the period. Financial Counselors Inc. acquired a new position in shares of Southwestern Energy during the first quarter worth about $101,000. Tudor Investment Corp ET AL acquired a new position in shares of Southwestern Energy during the first quarter worth about $102,000. Pinnacle Associates Ltd. acquired a new position in shares of Southwestern Energy during the first quarter worth about $103,000. Finally, Macquarie Group Ltd. raised its position 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 worth $107,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 93.62% 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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