Q2 2019 EPS Estimates for Southwestern Energy Decreased by B. Riley (SWN)

Southwestern Energy (NYSE:SWN) – Investment analysts at B. Riley reduced their Q2 2019 EPS estimates for shares of Southwestern Energy in a note issued to investors on Tuesday, November 6th. B. Riley analyst R. Rashid now anticipates that the energy company will earn $0.30 per share for the quarter, down from their prior estimate of $0.31. B. Riley also issued estimates for Southwestern Energy’s Q3 2019 earnings at $0.35 EPS, FY2019 earnings at $1.53 EPS and Q3 2020 earnings at $0.51 EPS.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, October 25th. The energy company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Southwestern Energy had a net margin of 14.22% and a return on equity of 22.07%. The firm had revenue of $951.00 million for the quarter, compared to analysts’ expectations of $889.13 million.

Several other brokerages have also recently weighed in on SWN. Scotiabank set a $7.00 price objective on shares of Southwestern Energy and gave the stock a “hold” rating in a research note on Monday, August 6th. Zacks Investment Research upgraded shares of Southwestern Energy from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research note on Monday, October 22nd. Johnson Rice cut shares of Southwestern Energy from a “buy” rating to an “accumulate” rating in a research note on Wednesday, August 15th. ValuEngine upgraded shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 28th. Finally, Morgan Stanley increased their price objective on shares of Southwestern Energy from $4.50 to $5.00 and gave the stock an “underweight” rating in a research note on Thursday, August 16th. Seven analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.74.

Shares of NYSE:SWN opened at $5.75 on Thursday. Southwestern Energy has a twelve month low of $3.42 and a twelve month high of $6.72. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $3.38 billion, a PE ratio of 7.00 and a beta of 0.65.

In related news, SVP Jennifer N. Mccauley sold 10,850 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $5.88, for a total value of $63,798.00. Following the completion of the sale, the senior vice president now directly owns 30,799 shares of the company’s stock, valued at approximately $181,098.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its holdings in Southwestern Energy by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 117,904 shares of the energy company’s stock valued at $602,000 after buying an additional 9,168 shares in the last quarter. B. Riley Financial Inc. grew its holdings in Southwestern Energy by 14.6% during the 2nd quarter. B. Riley Financial Inc. now owns 78,682 shares of the energy company’s stock valued at $417,000 after buying an additional 10,053 shares in the last quarter. SG Americas Securities LLC grew its holdings in Southwestern Energy by 9.7% during the 2nd quarter. SG Americas Securities LLC now owns 123,650 shares of the energy company’s stock valued at $655,000 after buying an additional 10,929 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Southwestern Energy by 17.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 83,167 shares of the energy company’s stock valued at $440,000 after buying an additional 12,125 shares in the last quarter. Finally, BB&T Corp grew its holdings in Southwestern Energy by 68.4% during the 2nd quarter. BB&T Corp now owns 33,680 shares of the energy company’s stock valued at $178,000 after buying an additional 13,682 shares in the last quarter. 90.45% of the stock is owned by institutional investors.

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

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