Southwestern Energy Company (SWN) Forecasted to Earn Q1 2018 Earnings of $0.18 Per Share
Southwestern Energy Company (NYSE:SWN) – Stock analysts at Seaport Global Securities upped their Q1 2018 earnings per share (EPS) estimates for shares of Southwestern Energy in a report released on Friday. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.17. Seaport Global Securities also issued estimates for Southwestern Energy’s Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.16 EPS and FY2018 earnings at $0.70 EPS.
Several other equities analysts also recently weighed in on the company. Barclays PLC reissued a “hold” rating and set a $6.00 target price on shares of Southwestern Energy in a research report on Friday, July 7th. Royal Bank Of Canada reissued a “hold” rating and set a $10.00 target price on shares of Southwestern Energy in a research report on Friday, July 14th. Cowen and Company set a $9.00 target price on Southwestern Energy and gave the company a “buy” rating in a research report on Wednesday, July 19th. Citigroup Inc. dropped their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Zacks Investment Research cut Southwestern Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $10.90.
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Shares of Southwestern Energy (NYSE:SWN) opened at 5.44 on Monday. The stock’s market cap is $2.71 billion. Southwestern Energy has a 52 week low of $4.90 and a 52 week high of $12.85. The firm has a 50-day moving average price of $5.78 and a 200 day moving average price of $6.11.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The firm had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 EPS.
Institutional investors and hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new stake in shares of Southwestern Energy in the first quarter worth about $102,000. Zacks Investment Management purchased a new stake in shares of Southwestern Energy in the second quarter worth about $105,000. Cetera Investment Advisers purchased a new stake in shares of Southwestern Energy in the second quarter worth about $108,000. MML Investors Services LLC boosted its stake in shares of Southwestern Energy by 5.3% in the second 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 during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Southwestern Energy in the first quarter worth about $111,000. Hedge funds and other institutional investors own 89.58% of the company’s stock.
About Southwestern Energy
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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