Southwestern Energy (NYSE:SWN - Free Report) - Investment analysts at Zacks Research decreased their Q1 2024 earnings per share (EPS) estimates for shares of Southwestern Energy in a research report issued on Thursday, March 21st. Zacks Research analyst R. Department now anticipates that the energy company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.14. The consensus estimate for Southwestern Energy's current full-year earnings is $0.71 per share. Zacks Research also issued estimates for Southwestern Energy's Q2 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $0.60 EPS, Q3 2025 earnings at $0.16 EPS and FY2026 earnings at $1.85 EPS.
Southwestern Energy (NYSE:SWN - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.04. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.29 billion. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The business's quarterly revenue was down 49.9% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS.
Other equities research analysts have also issued reports about the company. Seaport Res Ptn lowered Southwestern Energy from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 31st. UBS Group lifted 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. JPMorgan Chase & Co. upgraded Southwestern Energy from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $7.00 to $8.50 in a research report on Wednesday, December 6th. Stifel Nicolaus reiterated a "hold" rating and set a $6.60 price objective (down previously from $8.50) on shares of Southwestern Energy in a research note on Tuesday, January 23rd. Finally, Susquehanna lifted their price objective on Southwestern Energy from $6.50 to $7.00 and gave the company a "neutral" rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.86.
Read Our Latest Stock Report on SWN
Southwestern Energy Trading Down 0.1 %
Shares of SWN stock traded down $0.01 during trading hours on Friday, reaching $7.28. The company's stock had a trading volume of 9,920,819 shares, compared to its average volume of 18,813,996. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. Southwestern Energy has a one year low of $4.57 and a one year high of $7.69. The stock has a market capitalization of $8.02 billion, a P/E ratio of 5.16 and a beta of 1.12. The firm's fifty day simple moving average is $6.75 and its 200 day simple moving average is $6.67.
Institutional Trading of Southwestern Energy
A number of institutional investors have recently made changes to their positions in SWN. Vanguard Group Inc. boosted its holdings in shares of Southwestern Energy by 7.9% in the first quarter. Vanguard Group Inc. now owns 128,222,158 shares of the energy company's stock worth $919,352,000 after buying an additional 9,410,861 shares during the last quarter. State Street Corp boosted its holdings in shares of Southwestern Energy by 21.5% in the first quarter. State Street Corp now owns 55,933,972 shares of the energy company's stock worth $401,047,000 after buying an additional 9,882,224 shares during the last quarter. FMR LLC raised its stake in Southwestern Energy by 32.3% during the 3rd quarter. FMR LLC now owns 39,784,990 shares of the energy company's stock worth $256,613,000 after acquiring an additional 9,709,483 shares during the period. Dimensional Fund Advisors LP raised its stake in Southwestern Energy by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company's stock worth $192,133,000 after acquiring an additional 1,924,108 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Southwestern Energy by 11.5% during the 2nd quarter. Renaissance Technologies LLC now owns 28,443,927 shares of the energy company's stock worth $170,948,000 after acquiring an additional 2,930,002 shares during the period. Hedge funds and other institutional investors own 88.00% of the company's stock.
About Southwestern Energy
(
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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.
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