Southwestern Energy (NYSE:SWN) – B. Riley dropped their Q2 2018 earnings per share estimates for shares of Southwestern Energy in a note issued to investors on Friday. B. Riley analyst R. Rashid now forecasts that the energy company will earn $0.14 per share for the quarter, down from their previous estimate of $0.24. B. Riley has a “Buy” rating and a $5.85 price target on the stock. B. Riley also issued estimates for Southwestern Energy’s Q3 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.11 EPS and Q4 2019 earnings at $0.28 EPS.
A number of other analysts also recently issued reports on SWN. Morgan Stanley raised their price target on Southwestern Energy from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Cowen set a $9.00 price target on Southwestern Energy and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Piper Jaffray Companies set a $6.00 price target on Southwestern Energy and gave the stock a “hold” rating in a research report on Thursday, October 19th. Scotiabank set a $8.00 price target on Southwestern Energy and gave the stock a “hold” rating in a research report on Saturday, October 21st. Finally, Barclays raised their price target on Southwestern Energy from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, October 30th. Eight investment 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’s stock. Southwestern Energy presently has a consensus rating of “Hold” and a consensus price target of $8.14.
Hedge funds have recently added to or reduced their stakes in the business. Shell Asset Management Co. purchased a new stake in Southwestern Energy in the third quarter worth $1,880,000. Dimensional Fund Advisors LP increased its stake in Southwestern Energy by 2,243.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,435,577 shares of the energy company’s stock worth $14,882,000 after purchasing an additional 2,331,644 shares during the period. Wedge Capital Management L L P NC increased its stake in Southwestern Energy by 11.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,714,953 shares of the energy company’s stock worth $15,149,000 after purchasing an additional 271,913 shares during the period. Brookfield Asset Management Inc. purchased a new stake in Southwestern Energy in the second quarter worth $3,040,000. Finally, AMG National Trust Bank increased its stake in Southwestern Energy by 325.5% in the third quarter. AMG National Trust Bank now owns 258,138 shares of the energy company’s stock worth $1,578,000 after purchasing an additional 197,465 shares during the period. Institutional investors and hedge funds own 77.27% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/12/research-analysts-issue-forecasts-for-southwestern-energys-q2-2018-earnings-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.
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.