Southwestern Energy Company (SWN) Set to Announce Earnings on Wednesday
Southwestern Energy Company (NYSE:SWN) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 18th. Analysts expect Southwestern Energy to post earnings of $0.11 per share for the quarter.
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 $811.00 million during the quarter, compared to analyst estimates of $810.00 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. On average, analysts expect Southwestern Energy to post $0.52 EPS for the current fiscal year and $0.79 EPS for the next fiscal year.
Southwestern Energy Company (NYSE:SWN) opened at 5.83 on Wednesday. The stock’s market cap is $2.90 billion. Southwestern Energy Company has a 12-month low of $5.00 and a 12-month high of $13.88. The company has a 50-day moving average price of $5.79 and a 200 day moving average price of $6.34.
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A number of equities analysts have commented on the stock. Robert W. Baird reiterated a “hold” rating and issued a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, September 26th. Wolfe Research upgraded shares of Southwestern Energy from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $6.00 to $7.00 in a report on Wednesday, September 20th. Piper Jaffray Companies cut their price objective on shares of Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. Stifel Nicolaus reiterated a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Finally, Cowen and Company reiterated a “buy” rating and issued a $9.00 price objective on shares of Southwestern Energy in a report 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 assigned a buy rating to the stock. Southwestern Energy currently has a consensus rating of “Hold” and a consensus price target of $11.65.
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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