Brokers Set Expectations for Southwestern Energy’s Q4 2017 Earnings (SWN)
Southwestern Energy (NYSE:SWN) – Analysts at KeyCorp upped their Q4 2017 earnings per share (EPS) estimates for Southwestern Energy in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the energy company will post earnings per share of $0.07 for the quarter, up from their prior estimate of $0.06. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Southwestern Energy’s Q4 2018 earnings at $0.21 EPS.
A number of other brokerages have also commented on SWN. Mizuho lowered Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 21st. BMO Capital Markets set a $9.00 target price on Southwestern Energy and gave the company a “buy” rating in a research report on Tuesday, November 14th. Robert W. Baird reiterated a “hold” rating and set a $8.00 price target on shares of Southwestern Energy in a research note on Tuesday, September 26th. Wolfe Research upgraded Southwestern Energy from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $6.00 to $7.00 in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Southwestern Energy in a research note on Thursday, September 14th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.95.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The business had revenue of $737.00 million during the quarter, compared to the consensus estimate of $773.99 million. During the same period last year, the business posted $0.03 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis.
Several large investors have recently bought and sold shares of SWN. Bridgewater Associates LP raised its holdings in shares of Southwestern Energy by 117.5% in the 2nd quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock worth $50,068,000 after purchasing an additional 4,449,396 shares during the period. Sterling Capital Management LLC raised its holdings in Southwestern Energy by 77.5% during the 2nd quarter. Sterling Capital Management LLC now owns 8,405,909 shares of the energy company’s stock valued at $51,108,000 after acquiring an additional 3,669,743 shares during the period. Marshall Wace North America L.P. raised its holdings in Southwestern Energy by 398.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 3,685,212 shares of the energy company’s stock valued at $22,111,000 after acquiring an additional 2,946,374 shares during the period. Disciplined Growth Investors Inc. MN raised its holdings in Southwestern Energy by 57.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 6,840,087 shares of the energy company’s stock valued at $41,588,000 after acquiring an additional 2,487,525 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Southwestern Energy by 2,243.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,435,577 shares of the energy company’s stock valued at $14,882,000 after acquiring an additional 2,331,644 shares during the period. 88.71% of the stock is currently owned by institutional investors.
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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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