Brokers Set Expectations for Southwestern Energy Company’s Q1 2018 Earnings (SWN)
Southwestern Energy Company (NYSE:SWN) – Equities researchers at Seaport Global Securities boosted their Q1 2018 EPS estimates for shares of Southwestern Energy in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the energy company will post earnings of $0.17 per share for the quarter, up from their previous estimate of $0.15. Seaport Global Securities also issued estimates for Southwestern Energy’s Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.67 EPS.
A number of other brokerages have also commented on SWN. Royal Bank Of Canada reaffirmed a “hold” rating and set a $9.00 price objective on shares of Southwestern Energy in a research report on Thursday, July 20th. Robert W. Baird reiterated a “hold” rating and set a $8.00 target price on shares of Southwestern Energy in a research report on Tuesday, September 26th. Scotiabank set a $9.00 price objective on shares of Southwestern Energy and gave the company a “hold” rating in a report on Saturday, July 1st. Wolfe Research upgraded shares of Southwestern Energy from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $6.00 to $7.00 in a report on Wednesday, September 20th. Finally, BidaskClub lowered shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Five 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. The company presently has a consensus rating of “Hold” and a consensus target price of $11.60.
Shares of Southwestern Energy (SWN) traded down 1.03% on Friday, hitting $5.77. The company had a trading volume of 4,522,002 shares. Southwestern Energy has a 12-month low of $5.00 and a 12-month high of $13.67. The company’s market cap is $2.87 billion. The company has a 50 day moving average of $5.82 and a 200-day moving average of $6.33.
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). The firm had revenue of $811.00 million during the quarter, compared to analysts’ expectations of $810.00 million. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company’s quarterly revenue was up 55.4% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new stake in shares of Southwestern Energy in the 1st quarter worth $102,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Southwestern Energy in the 1st quarter worth $111,000. Stifel Financial Corp grew its stake in shares of Southwestern Energy by 38.2% in the 1st quarter. Stifel Financial Corp now owns 17,170 shares of the energy company’s stock worth $140,000 after acquiring an additional 4,746 shares in the last quarter. Zacks Investment Management bought a new stake in shares of Southwestern Energy in the 2nd quarter worth $105,000. Finally, Cetera Investment Advisers bought a new stake in shares of Southwestern Energy in the 2nd quarter worth $108,000. Hedge funds and other institutional investors own 89.54% of the company’s stock.
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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