Capital One Financial Corporation Analysts Boost Earnings Estimates for Southwestern Energy Company (SWN)
Southwestern Energy Company (NYSE:SWN) – Stock analysts at Capital One Financial Corporation increased their FY2018 earnings estimates for Southwestern Energy in a research report issued to clients and investors on Tuesday. Capital One Financial Corporation analyst B. Velie now anticipates that the energy company will post earnings per share of $0.90 for the year, up from their previous estimate of $0.84.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.08). Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The business had revenue of $811.00 million for the quarter, compared to analyst estimates of $810.00 million. During the same period last year, the business posted ($0.09) EPS. Southwestern Energy’s revenue was up 55.4% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “Capital One Financial Corporation Analysts Boost Earnings Estimates for Southwestern Energy Company (SWN)” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/05/capital-one-financial-corporation-analysts-boost-earnings-estimates-for-southwestern-energy-company-swn.html.
Several other research analysts have also recently commented on the company. Robert W. Baird reiterated a “hold” rating and issued a $8.00 price target on shares of Southwestern Energy in a research note on Tuesday, September 26th. Wolfe Research upgraded Southwestern Energy from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $6.00 to $7.00 in a research note on Wednesday, September 20th. Piper Jaffray Companies cut their price target on Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Stifel Nicolaus reiterated a “buy” rating on shares of Southwestern Energy in a research note on Thursday, September 14th. Finally, Cowen and Company reiterated a “buy” rating and issued a $9.00 price target on shares of Southwestern Energy in a research note on Tuesday, September 12th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the stock. Southwestern Energy currently has a consensus rating of “Hold” and a consensus target price of $11.65.
Shares of Southwestern Energy (NYSE:SWN) traded up 1.96% during midday trading on Thursday, hitting $6.24. The stock had a trading volume of 7,180,026 shares. The stock has a 50 day moving average of $5.70 and a 200-day moving average of $6.39. The company’s market cap is $3.11 billion. Southwestern Energy has a one year low of $5.00 and a one year high of $14.47.
A number of hedge funds have recently modified their holdings of SWN. Financial Counselors Inc. bought a new position in Southwestern Energy in the 1st quarter worth approximately $101,000. Tudor Investment Corp ET AL bought a new position in Southwestern Energy in the 1st quarter worth approximately $102,000. Zacks Investment Management bought a new position in Southwestern Energy in the 2nd quarter worth approximately $105,000. Cetera Investment Advisers bought a new position in Southwestern Energy in the 2nd quarter worth approximately $108,000. Finally, MML Investors Services LLC grew its holdings in Southwestern Energy by 5.3% in the 2nd 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 in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.
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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