Wall Street brokerages expect that Southwestern Energy (NYSE:SWN) will post $800.06 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Southwestern Energy’s earnings. The lowest sales estimate is $759.03 million and the highest is $862.14 million. Southwestern Energy reported sales of $811.00 million during the same quarter last year, which indicates a negative year over year growth rate of 1.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Southwestern Energy will report full year sales of $3.35 billion for the current financial year, with estimates ranging from $3.21 billion to $3.51 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.38 billion per share, with estimates ranging from $2.84 billion to $3.95 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Southwestern Energy.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, April 26th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Southwestern Energy had a net margin of 25.51% and a return on equity of 19.14%. The firm had revenue of $920.00 million for the quarter, compared to analyst estimates of $895.65 million. During the same period in the prior year, the firm posted $0.18 earnings per share.
Several analysts have issued reports on SWN shares. Cowen set a $8.00 price target on shares of Southwestern Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. Zacks Investment Research lowered shares of Southwestern Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Morgan Stanley dropped their price target on shares of Southwestern Energy from $4.00 to $2.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 14th. Raymond James lowered shares of Southwestern Energy from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 30th. Finally, Goldman Sachs lowered shares of Southwestern Energy from a “neutral” rating to a “sell” rating in a research report on Thursday, February 1st. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Southwestern Energy presently has a consensus rating of “Hold” and an average price target of $6.06.
A number of large investors have recently added to or reduced their stakes in SWN. NuWave Investment Management LLC bought a new position in Southwestern Energy during the fourth quarter worth about $117,000. Amundi Pioneer Asset Management Inc. bought a new position in Southwestern Energy during the fourth quarter worth about $138,000. Bayesian Capital Management LP bought a new position in Southwestern Energy during the first quarter worth about $150,000. LPL Financial LLC bought a new position in Southwestern Energy during the first quarter worth about $152,000. Finally, State of Alaska Department of Revenue bought a new position in Southwestern Energy during the fourth quarter worth about $166,000. 84.48% of the stock is currently owned by institutional investors and hedge funds.
Southwestern Energy traded up $0.07, hitting $4.49, on Tuesday, according to MarketBeat Ratings. 12,784,383 shares of the stock were exchanged, compared to its average volume of 22,349,494. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.00. Southwestern Energy has a 52 week low of $4.40 and a 52 week high of $4.52. The firm has a market capitalization of $2.51 billion, a P/E ratio of 10.20 and a beta of 0.79.
Southwestern Energy Company Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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