Southwestern Energy Company (SWN) to Post FY2017 Earnings of $0.58 Per Share, Capital One Financial Corporation Forecasts
Southwestern Energy Company (NYSE:SWN) – Stock analysts at Capital One Financial Corporation reduced their FY2017 EPS estimates for shares of Southwestern Energy in a research note issued to investors on Saturday. Capital One Financial Corporation analyst B. Velie now forecasts that the energy company will post earnings of $0.58 per share for the year, down from their previous forecast of $0.66.
A number of other research analysts have also recently commented on SWN. Cowen and Company upgraded shares of Southwestern Energy from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $14.00 to $11.00 in a report on Wednesday, April 19th. Barclays PLC restated an “equal weight” rating and issued a $9.00 price target (down from $10.00) on shares of Southwestern Energy in a report on Saturday, April 22nd. National Securities restated a “buy” rating and issued a $14.00 price target on shares of Southwestern Energy in a report on Monday, May 1st. Iberia Capital upped their price target on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 2nd. Finally, Royal Bank Of Canada set a $10.00 price target on shares of Southwestern Energy and gave the stock a “hold” rating in a report on Saturday, June 10th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.65.
Shares of Southwestern Energy (SWN) opened at 5.20 on Tuesday. The stock’s 50 day moving average is $5.90 and its 200-day moving average is $7.33. Southwestern Energy has a 52 week low of $5.03 and a 52 week high of $15.59. The company’s market cap is $2.57 billion.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The company had revenue of $811 million for the quarter, compared to the consensus estimate of $810 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The company’s revenue for the quarter was up 55.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) EPS.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Southwestern Energy by 2,582.8% in the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock worth $255,479,000 after buying an additional 30,105,011 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Southwestern Energy by 939.0% in the first quarter. Point72 Asset Management L.P. now owns 9,696,227 shares of the energy company’s stock worth $79,218,000 after buying an additional 8,762,957 shares in the last quarter. Vanguard Group Inc. boosted its stake in Southwestern Energy by 12.1% in the first quarter. Vanguard Group Inc. now owns 59,247,162 shares of the energy company’s stock worth $484,049,000 after buying an additional 6,388,987 shares in the last quarter. FMR LLC boosted its stake in Southwestern Energy by 36.5% in the first quarter. FMR LLC now owns 22,332,221 shares of the energy company’s stock worth $182,454,000 after buying an additional 5,969,258 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Southwestern Energy by 1,111.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 3,270,000 shares of the energy company’s stock worth $19,882,000 after buying an additional 3,000,000 shares in the last quarter. 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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