$783.21 Million in Sales Expected for Southwestern Energy Company (SWN) This Quarter
Wall Street analysts expect Southwestern Energy Company (NYSE:SWN) to report sales of $783.21 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Southwestern Energy’s earnings, with the highest sales estimate coming in at $833.70 million and the lowest estimate coming in at $734.77 million. Southwestern Energy posted sales of $651.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 20.3%. The firm is expected to announce its next quarterly earnings report on Thursday, October 19th.
According to Zacks, analysts expect that Southwestern Energy will report full-year sales of $783.21 million for the current fiscal year, with estimates ranging from $3.08 billion to $3.40 billion. For the next year, analysts expect that the business will post sales of $3.47 billion per share, with estimates ranging from $3.26 billion to $3.70 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Southwestern Energy.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $810 million. During the same quarter last year, the firm earned ($0.09) EPS. The business’s revenue for the quarter was up 55.4% compared to the same quarter last year.
Several analysts have issued reports on SWN shares. Citigroup Inc. dropped their price target on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Cowen and Company set a $9.00 price target on Southwestern Energy and gave the company a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and issued a $8.00 price target on shares of Southwestern Energy in a research note on Tuesday, June 27th. National Securities reissued a “buy” rating and issued a $14.00 price target on shares of Southwestern Energy in a research note on Monday, May 1st. Finally, Barclays PLC reissued an “equal weight” rating and issued a $9.00 price target (down previously from $10.00) on shares of Southwestern Energy in a research note on Saturday, April 22nd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.55.
Southwestern Energy (SWN) opened at 5.34 on Monday. The stock’s market cap is $2.66 billion. Southwestern Energy has a 52 week low of $5.00 and a 52 week high of $15.59. The firm has a 50-day moving average price of $5.75 and a 200-day moving average price of $7.14.
A number of institutional investors have recently bought and sold shares of the company. 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 worth $100,000 after buying an additional 261 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in Southwestern Energy by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 92,056 shares of the energy company’s stock worth $560,000 after buying an additional 341 shares during the last quarter. Mariner Wealth Advisors LLC boosted its position in Southwestern Energy by 2.6% in the second quarter. Mariner Wealth Advisors LLC now owns 21,009 shares of the energy company’s stock worth $128,000 after buying an additional 541 shares during the last quarter. Advantus Capital Management Inc boosted its position in Southwestern Energy by 1.8% in the first quarter. Advantus Capital Management Inc now owns 50,051 shares of the energy company’s stock worth $409,000 after buying an additional 863 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in Southwestern Energy by 5.3% in the second quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock worth $109,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 93.10% of the company’s stock.
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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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