Southwestern Energy Forecasted to Post FY2018 Earnings of $0.85 Per Share (SWN)

Southwestern Energy (NYSE:SWN) – Equities research analysts at KeyCorp lowered their FY2018 earnings per share (EPS) estimates for Southwestern Energy in a research note issued to investors on Friday. KeyCorp analyst D. Deckelbaum now anticipates that the energy company will post earnings of $0.85 per share for the year, down from their prior forecast of $0.86. KeyCorp has a “Hold” rating on the stock.

A number of other analysts have also weighed in on the stock. Cowen set a $5.00 price objective on shares of Southwestern Energy and gave the stock a “buy” rating in a research note on Thursday. Credit Suisse Group cut their price objective on shares of Southwestern Energy from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday. Royal Bank of Canada set a $6.00 price objective on shares of Southwestern Energy and gave the stock a “hold” rating in a research note on Thursday. Ladenburg Thalmann Financial Services lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating and set a $4.00 price objective on the stock. in a research note on Friday. Finally, B. Riley upgraded shares of Southwestern Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $5.00 to $5.85 in a research note on Friday. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.14.

Shares of Southwestern Energy (SWN) opened at $3.69 on Monday. The firm has a market cap 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 quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66.

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers acquired a new stake in shares of Southwestern Energy in the second quarter valued at about $108,000. NuWave Investment Management LLC acquired a new stake in shares of Southwestern Energy in the fourth quarter valued at about $117,000. Stevens Capital Management LP acquired a new stake in shares of Southwestern Energy in the third quarter valued at about $135,000. State of Alaska Department of Revenue acquired a new stake in shares of Southwestern Energy in the fourth quarter valued at about $166,000. Finally, Tiedemann Wealth Management LLC grew its position in shares of Southwestern Energy by 68.0% in the third quarter. Tiedemann Wealth Management LLC now owns 77,723 shares of the energy company’s stock valued at $174,000 after purchasing an additional 31,462 shares during the period. Institutional investors 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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