Southwestern Energy (SWN) Expected to Post Quarterly Sales of $798.95 Million

Equities analysts expect Southwestern Energy (NYSE:SWN) to report $798.95 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Southwestern Energy’s earnings, with the lowest sales estimate coming in at $765.00 million and the highest estimate coming in at $853.67 million. Southwestern Energy reported sales of $684.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.8%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, March 1st.

On average, analysts expect that Southwestern Energy will report full year sales of $798.95 million for the current financial year, with estimates ranging from $3.16 billion to $3.22 billion. For the next year, analysts expect that the business will report sales of $3.50 billion per share, with estimates ranging from $3.39 billion to $3.67 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Southwestern Energy.

A number of brokerages have weighed in on SWN. Cowen set a $5.00 price target on shares of Southwestern Energy and gave the company a “buy” rating in a report on Thursday. Barclays lifted their price target on shares of Southwestern Energy from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, October 30th. BMO Capital Markets set a $9.00 price target on shares of Southwestern Energy and gave the company a “buy” rating in a report on Tuesday, November 14th. Credit Suisse Group decreased their price target on shares of Southwestern Energy from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Mizuho lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, November 21st. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. Southwestern Energy currently has a consensus rating of “Hold” and a consensus price target of $8.14.

Large investors have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new position in shares of Southwestern Energy during the 2nd quarter valued at $108,000. NuWave Investment Management LLC acquired a new position in shares of Southwestern Energy during the 4th quarter valued at $117,000. Stevens Capital Management LP acquired a new position in shares of Southwestern Energy during the 3rd quarter valued at $135,000. State of Alaska Department of Revenue acquired a new position in shares of Southwestern Energy during the 4th quarter valued at $166,000. Finally, Tiedemann Wealth Management LLC lifted its holdings in shares of Southwestern Energy by 68.0% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 77,723 shares of the energy company’s stock valued at $174,000 after acquiring an additional 31,462 shares in the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.

Southwestern Energy (NYSE SWN) opened at $3.69 on Monday. The firm has a market cap of $2,167.60, a price-to-earnings ratio of 9.23 and a beta of 0.96. Southwestern Energy has a 1-year low of $3.42 and a 1-year 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.

ILLEGAL ACTIVITY NOTICE: “Southwestern Energy (SWN) Expected to Post Quarterly Sales of $798.95 Million” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/02/12/southwestern-energy-swn-expected-to-post-quarterly-sales-of-798-95-million.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.

Get a free copy of the Zacks research report on Southwestern Energy (SWN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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