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.

ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/08/14/783-21-million-in-sales-expected-for-southwestern-energy-company-swn-this-quarter.html.

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.

Get a free copy of the Zacks research report on Southwestern Energy (SWN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Southwestern Energy (NYSE:SWN)

Receive News & Ratings for Southwestern Energy Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy Company and related companies with MarketBeat.com's FREE daily email newsletter.