Southwestern Energy Company to Post Q3 2017 Earnings of $0.07 Per Share, KeyCorp Forecasts (SWN)
Southwestern Energy Company (NYSE:SWN) – KeyCorp upped their Q3 2017 earnings estimates for shares of Southwestern Energy in a research note issued on Wednesday. KeyCorp analyst D. Deckelbaum now anticipates that the energy company will earn $0.07 per share for the quarter, up from their prior forecast of $0.06. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Southwestern Energy’s Q4 2017 earnings at $0.13 EPS, Q1 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.20 EPS and FY2018 earnings at $0.77 EPS.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate 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 quarter in the previous year, the company posted ($0.09) EPS. Southwestern Energy’s revenue for the quarter was up 55.4% on a year-over-year basis.
A number of other research analysts have also recently weighed in on SWN. Scotiabank set a $9.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. Cowen and Company reiterated a “buy” rating and issued a $9.00 price target on shares of Southwestern Energy in a report on Tuesday, September 12th. Morgan Stanley lifted their price target on shares of Southwestern Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Wednesday, October 18th. BidaskClub upgraded shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of Southwestern Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $11.33.
Southwestern Energy (NYSE:SWN) opened at 5.38 on Monday. The company has a 50-day moving average price of $5.84 and a 200 day moving average price of $6.23. Southwestern Energy has a 1-year low of $5.00 and a 1-year high of $12.85. The stock’s market cap is $2.68 billion.
Institutional investors have recently made changes to their positions in the company. Whittier Trust Co. increased its stake in Southwestern Energy by 2.4% in the 2nd quarter. Whittier Trust Co. now owns 71,533 shares of the energy company’s stock valued at $435,000 after buying an additional 1,701 shares during the period. UBS Oconnor LLC boosted its position in shares of Southwestern Energy by 294.0% during the 1st quarter. UBS Oconnor LLC now owns 857,670 shares of the energy company’s stock worth $7,007,000 after purchasing an additional 640,014 shares in the last quarter. Airain ltd boosted its position in shares of Southwestern Energy by 4.6% during the 2nd quarter. Airain ltd now owns 423,311 shares of the energy company’s stock worth $2,574,000 after purchasing an additional 18,730 shares in the last quarter. BlackRock Inc. boosted its position in shares of Southwestern Energy by 2,582.8% during the 1st quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock worth $255,479,000 after purchasing an additional 30,105,011 shares in the last quarter. Finally, Ngam Advisors L.P. boosted its position in shares of Southwestern Energy by 75.0% during the 1st quarter. Ngam Advisors L.P. now owns 42,849 shares of the energy company’s stock worth $350,000 after purchasing an additional 18,370 shares in the last quarter. 89.51% of the stock is currently 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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