Southwestern Energy Forecasted to Earn Q3 2024 Earnings of $0.16 Per Share (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Equities research analysts at Capital One Financial decreased their Q3 2024 earnings per share (EPS) estimates for Southwestern Energy in a research report issued to clients and investors on Tuesday, May 7th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.17. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.56 per share. Capital One Financial also issued estimates for Southwestern Energy’s FY2024 earnings at $0.61 EPS and FY2025 earnings at $1.20 EPS.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, May 2nd. The energy company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The business’s quarterly revenue was down 33.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share.

Other equities research analysts have also issued reports about the company. UBS Group upped their price target on Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Scotiabank downgraded shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and raised their price target for the stock from $9.00 to $9.50 in a research report on Thursday, April 11th. StockNews.com initiated coverage on shares of Southwestern Energy in a research report on Monday. They set a “hold” rating for the company. Mizuho upgraded shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $6.00 to $9.00 in a research note on Monday, February 26th. Finally, Susquehanna lifted their target price on Southwestern Energy from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Southwestern Energy presently has an average rating of “Hold” and a consensus target price of $8.14.

Southwestern Energy Stock Performance

Shares of SWN stock opened at $7.26 on Wednesday. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of -4.17 and a beta of 1.15. Southwestern Energy has a one year low of $4.67 and a one year high of $7.80. The company’s 50-day simple moving average is $7.31 and its 200-day simple moving average is $6.88. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62.

Institutional Trading of Southwestern Energy

Several hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. grew its stake in shares of Southwestern Energy by 147.7% in the first quarter. QRG Capital Management Inc. now owns 75,267 shares of the energy company’s stock worth $571,000 after purchasing an additional 44,882 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Southwestern Energy by 283.0% in the first quarter. Headlands Technologies LLC now owns 15,020 shares of the energy company’s stock worth $114,000 after purchasing an additional 11,098 shares during the period. Inspire Advisors LLC bought a new position in Southwestern Energy in the 1st quarter valued at about $224,000. Susquehanna Fundamental Investments LLC acquired a new position in Southwestern Energy during the 1st quarter valued at about $2,260,000. Finally, Quantbot Technologies LP bought a new stake in shares of Southwestern Energy during the 1st quarter worth about $583,000. Institutional investors own 86.97% of the company’s stock.

Southwestern Energy Company Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.