Southwestern Energy (NYSE:SWN) – Equities researchers at Jefferies Financial Group upped their FY2019 earnings estimates for shares of Southwestern Energy in a research note issued on Monday, April 29th, Zacks Investment Research reports. Jefferies Financial Group analyst Z. Parham now expects that the energy company will post earnings of $0.61 per share for the year, up from their previous estimate of $0.58. Jefferies Financial Group also issued estimates for Southwestern Energy’s Q4 2019 earnings at $0.13 EPS, Q2 2020 earnings at $0.13 EPS, Q3 2020 earnings at $0.12 EPS and Q4 2020 earnings at $0.17 EPS.
Other equities research analysts have also recently issued research reports about the company. Wolfe Research cut Southwestern Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, April 18th. Zacks Investment Research cut Southwestern Energy from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Mitsubishi UFJ Financial Group reduced their price objective on Southwestern Energy to $5.00 and set a “neutral” rating for the company in a report on Friday, February 8th. Morgan Stanley set a $4.00 price objective on Southwestern Energy and gave the stock a “sell” rating in a report on Tuesday, January 29th. Finally, B. Riley set a $7.00 price objective on Southwestern Energy and gave the stock a “buy” rating in a report on Friday, January 18th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Southwestern Energy currently has an average rating of “Hold” and a consensus price target of $5.71.
Shares of NYSE:SWN opened at $4.01 on Wednesday. Southwestern Energy has a 12-month low of $3.23 and a 12-month high of $6.23. The company has a market cap of $2.13 billion, a PE ratio of 3.93 and a beta of 1.22. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.94 and a quick ratio of 0.94.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, February 28th. The energy company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). Southwestern Energy had a return on equity of 23.46% and a net margin of 23.47%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1 billion.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank lifted its stake in Southwestern Energy by 1.5% during the fourth quarter. Comerica Bank now owns 378,032 shares of the energy company’s stock worth $1,690,000 after purchasing an additional 5,640 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Southwestern Energy by 0.3% during the third quarter. Teachers Advisors LLC now owns 1,325,094 shares of the energy company’s stock worth $6,771,000 after buying an additional 3,486 shares in the last quarter. Courier Capital LLC acquired a new position in shares of Southwestern Energy during the fourth quarter worth $48,000. Meeder Asset Management Inc. increased its holdings in shares of Southwestern Energy by 31.2% during the fourth quarter. Meeder Asset Management Inc. now owns 38,837 shares of the energy company’s stock worth $133,000 after buying an additional 9,240 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Southwestern Energy by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 7,923,463 shares of the energy company’s stock worth $40,489,000 after buying an additional 503,489 shares in the last quarter. Hedge funds and other institutional investors own 94.63% 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 and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.