Jefferies Group Comments on Southwestern Energy Company’s Q3 2017 Earnings (SWN)
Southwestern Energy Company (NYSE:SWN) – Research analysts at Jefferies Group lifted their Q3 2017 earnings per share estimates for shares of Southwestern Energy in a note issued to investors on Monday. Jefferies Group analyst Z. Parham now forecasts that the energy company will post earnings per share of $0.24 for the quarter, up from their prior estimate of $0.14. Jefferies Group also issued estimates for Southwestern Energy’s Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $0.82 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $1.13 EPS.
Several other equities analysts have also weighed in on the stock. Cowen and Company upgraded shares of Southwestern Energy from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $14.00 to $11.00 in a report on Wednesday, April 19th. National Securities restated a “buy” rating and set a $14.00 target price on shares of Southwestern Energy in a report on Monday, May 1st. Citigroup Inc. reduced their target price on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Barclays PLC restated an “equal weight” rating and set a $9.00 target price (down previously from $10.00) on shares of Southwestern Energy in a report on Saturday, April 22nd. Finally, BidaskClub upgraded shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.55.
Shares of Southwestern Energy (NYSE SWN) opened at 5.23 on Thursday. The stock has a 50 day moving average price of $5.70 and a 200 day moving average price of $7.03. Southwestern Energy has a 52 week low of $5.00 and a 52 week high of $15.59. The firm’s market capitalization is $2.61 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data 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. The company had revenue of $811 million during the quarter, compared to analyst estimates of $810 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The firm’s revenue was up 55.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share.
Large investors have recently made changes to their positions in the stock. Cleararc Capital Inc. increased its stake 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 in the last quarter. Financial Counselors Inc. acquired a new stake in shares of Southwestern Energy during the first quarter worth $101,000. Tudor Investment Corp ET AL acquired a new stake in shares of Southwestern Energy during the first quarter worth $102,000. Pinnacle Associates Ltd. acquired a new stake in shares of Southwestern Energy during the first quarter worth $103,000. Finally, Zacks Investment Management acquired a new stake in shares of Southwestern Energy during the second quarter worth $105,000. 93.10% of the stock is owned by institutional investors and hedge funds.
About Southwestern Energy
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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