Q4 2017 EPS Estimates for Southwestern Energy Lifted by KeyCorp (SWN)

Southwestern Energy (NYSE:SWN) – Equities research analysts at KeyCorp boosted their Q4 2017 earnings per share (EPS) estimates for Southwestern Energy in a research note issued to investors on Monday. KeyCorp analyst D. Deckelbaum now anticipates that the energy company will earn $0.11 per share for the quarter, up from their previous forecast of $0.07. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Southwestern Energy’s Q1 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $1.11 EPS.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The company had revenue of $737.00 million for the quarter, compared to the consensus estimate of $773.99 million. During the same period in the prior year, the company earned $0.03 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the stock. ValuEngine raised shares of Southwestern Energy from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. BMO Capital Markets set a $9.00 price objective on shares of Southwestern Energy and gave the stock a “buy” rating in a report on Tuesday, November 14th. Cowen set a $9.00 price objective on shares of Southwestern Energy and gave the stock a “buy” rating in a report on Wednesday, October 18th. Barclays decreased their price objective on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Finally, Scotiabank set a $8.00 price objective on shares of Southwestern Energy and gave the stock a “hold” rating in a report on Saturday, October 21st. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. Southwestern Energy presently has a consensus rating of “Hold” and an average target price of $8.78.

Shares of Southwestern Energy (NYSE SWN) opened at $5.31 on Tuesday. Southwestern Energy has a fifty-two week low of $4.90 and a fifty-two week high of $9.93. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66. The company has a market cap of $3,019.37, a PE ratio of 8.43 and a beta of 1.23.

Several hedge funds and other institutional investors have recently modified their holdings of SWN. Eaton Vance Management boosted its stake in shares of Southwestern Energy by 1.9% in the 2nd quarter. Eaton Vance Management now owns 77,522 shares of the energy company’s stock valued at $471,000 after purchasing an additional 1,445 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Southwestern Energy by 37.3% in the 2nd quarter. Teachers Advisors LLC now owns 887,960 shares of the energy company’s stock valued at $5,399,000 after purchasing an additional 241,247 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Southwestern Energy by 7.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,696,345 shares of the energy company’s stock valued at $10,314,000 after purchasing an additional 124,031 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Southwestern Energy by 85.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,570,697 shares of the energy company’s stock worth $9,550,000 after acquiring an additional 724,639 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Southwestern Energy by 137.5% during the 2nd quarter. Nationwide Fund Advisors now owns 1,321,491 shares of the energy company’s stock worth $8,035,000 after acquiring an additional 765,069 shares during the last quarter. 77.10% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Q4 2017 EPS Estimates for Southwestern Energy Lifted by KeyCorp (SWN)” was first posted by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/23/q4-2017-eps-estimates-for-southwestern-energy-lifted-by-keycorp-swn.html.

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.

Earnings History and Estimates for Southwestern Energy (NYSE:SWN)

Receive News & Ratings for Southwestern Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply