Research Analysts Issue Forecasts for Southwestern Energy’s Q2 2018 Earnings (SWN)

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.

Shares of Southwestern Energy (NYSE SWN) opened at $3.69 on Monday. The stock has a market capitalization of $1,890.00, a price-to-earnings ratio of 5.95 and a beta of 0.96. Southwestern Energy has a 52-week low of $3.42 and a 52-week high of $9.15. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88.

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.

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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.

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

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