Wall Street brokerages forecast that Southwestern Energy Company (NYSE:SWN) will post sales of $841.97 million for the current quarter, Zacks reports. Five analysts have provided estimates for Southwestern Energy’s earnings, with the lowest sales estimate coming in at $754.45 million and the highest estimate coming in at $972.57 million. Southwestern Energy reported sales of $684.00 million during the same quarter last year, which indicates a positive year over year growth rate of 23.1%. The firm is scheduled to report its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Southwestern Energy will report full year sales of $841.97 million for the current financial year, with estimates ranging from $3.15 billion to $3.31 billion. For the next financial year, analysts expect that the firm will report sales of $3.61 billion per share, with estimates ranging from $3.55 billion to $3.74 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Southwestern Energy.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. Southwestern Energy’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS.
A number of equities analysts have issued reports on SWN shares. Scotiabank set a $8.00 price objective on shares of Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, October 21st. Stifel Nicolaus restated a “buy” rating on shares of Southwestern Energy in a research report on Thursday, September 14th. Barclays decreased their price objective on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Piper Jaffray Companies set a $8.00 price objective on shares of Southwestern Energy and gave the company a “hold” rating in a research report on Thursday, August 24th. Finally, Morgan Stanley boosted their price objective on shares of Southwestern Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Wednesday, October 18th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bridgewater Associates LP boosted its stake in Southwestern Energy by 117.5% during the second quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock worth $50,068,000 after acquiring an additional 4,449,396 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Southwestern Energy by 77.5% during the second quarter. Sterling Capital Management LLC now owns 8,405,909 shares of the energy company’s stock worth $51,108,000 after acquiring an additional 3,669,743 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Southwestern Energy by 1,111.1% during the second quarter. State of New Jersey Common Pension Fund D now owns 3,270,000 shares of the energy company’s stock worth $19,882,000 after acquiring an additional 3,000,000 shares in the last quarter. Marshall Wace North America L.P. boosted its stake in Southwestern Energy by 398.8% during the second quarter. Marshall Wace North America L.P. now owns 3,685,212 shares of the energy company’s stock worth $22,111,000 after acquiring an additional 2,946,374 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its stake in Southwestern Energy by 57.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 6,840,087 shares of the energy company’s stock worth $41,588,000 after acquiring an additional 2,487,525 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Southwestern Energy (NYSE SWN) traded down $0.04 during trading hours on Tuesday, reaching $5.49. 23,949,801 shares of the company were exchanged, compared to its average volume of 17,556,486. Southwestern Energy has a one year low of $4.90 and a one year high of $12.82. The stock has a market cap of $2,987.44, a PE ratio of 14.57 and a beta of 1.23. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88.
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Southwestern Energy Company Profile
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.
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