Seaport Global Securities Brokers Lower Earnings Estimates for Southwestern Energy Company (SWN)
Southwestern Energy Company (NYSE:SWN) – Investment analysts at Seaport Global Securities dropped their Q3 2017 earnings per share estimates for shares of Southwestern Energy in a report issued on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the energy company will post earnings per share of $0.05 for the quarter, down from their previous estimate of $0.12. Seaport Global Securities also issued estimates for Southwestern Energy’s Q4 2017 earnings at $0.13 EPS and FY2017 earnings at $0.44 EPS.
A number of other equities analysts also recently commented on the stock. Barclays PLC cut their target price on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Robert W. Baird reissued a “hold” rating and issued a $8.00 target price on shares of Southwestern Energy in a research report on Tuesday, September 26th. Wolfe Research raised shares of Southwestern Energy from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $6.00 to $7.00 in a research report on Wednesday, September 20th. Piper Jaffray Companies dropped their target price on shares of Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Southwestern Energy in a research report on Thursday, September 14th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.60.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (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 $811.00 million during the quarter, compared to analysts’ expectations of $810.00 million. During the same period in the previous year, the firm earned ($0.09) EPS. The firm’s revenue for the quarter was up 55.4% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Southwestern Energy by 12.1% during the first quarter. Vanguard Group Inc. now owns 59,247,162 shares of the energy company’s stock valued at $484,049,000 after purchasing an additional 6,388,987 shares in the last quarter. State Street Corp grew its position in Southwestern Energy by 9.0% during the first quarter. State Street Corp now owns 32,085,452 shares of the energy company’s stock valued at $262,131,000 after purchasing an additional 2,647,336 shares in the last quarter. BlackRock Inc. grew its position in Southwestern Energy by 2,582.8% during the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock valued at $255,479,000 after purchasing an additional 30,105,011 shares in the last quarter. FMR LLC grew its position in Southwestern Energy by 36.5% during the first quarter. FMR LLC now owns 22,332,221 shares of the energy company’s stock valued at $182,454,000 after purchasing an additional 5,969,258 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Southwestern Energy by 939.0% during the first quarter. Point72 Asset Management L.P. now owns 9,696,227 shares of the energy company’s stock valued at $79,218,000 after purchasing an additional 8,762,957 shares in the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
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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