Research Analysts Issue Forecasts for Southwestern Energy's Q1 2024 Earnings (NYSE:SWN)

Southwestern Energy (NYSE:SWN - Free Report) - Analysts at Capital One Financial reduced their Q1 2024 earnings per share estimates for Southwestern Energy in a report released on Wednesday, April 3rd. Capital One Financial analyst B. Velie now expects that the energy company will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.17. The consensus estimate for Southwestern Energy's current full-year earnings is $0.69 per share. Capital One Financial also issued estimates for Southwestern Energy's Q2 2024 earnings at $0.16 EPS, Q3 2024 earnings at $0.17 EPS, Q4 2024 earnings at $0.17 EPS and FY2025 earnings at $1.32 EPS.

Several other brokerages also recently issued reports on SWN. Mizuho raised Southwestern Energy from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $6.00 to $9.00 in a research note on Monday, February 26th. StockNews.com began coverage on Southwestern Energy in a research note on Thursday. They issued a "hold" rating on the stock. Seaport Res Ptn downgraded Southwestern Energy from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 31st. Stifel Nicolaus reaffirmed a "hold" rating and issued a $6.60 price objective (down previously from $8.50) on shares of Southwestern Energy in a research note on Tuesday, January 23rd. Finally, UBS Group lifted their price objective on Southwestern Energy from $6.00 to $6.25 and gave the stock a "neutral" rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.86.

Southwestern Energy Price Performance

SWN traded down $0.02 on Friday, hitting $7.50. 18,054,690 shares of the company's stock traded hands, compared to its average volume of 18,222,266. The company's 50 day simple moving average is $6.95 and its 200-day simple moving average is $6.74. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 5.32 and a beta of 1.12. Southwestern Energy has a one year low of $4.57 and a one year high of $7.69. 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 (NYSE:SWN - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The firm had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the firm earned $0.26 EPS. The business's quarterly revenue was down 49.9% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its holdings in Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company's stock worth $30,000 after acquiring an additional 3,854 shares during the period. Pingora Partners LLC acquired a new stake in Southwestern Energy during the fourth quarter worth about $30,000. Industrial Alliance Investment Management Inc. acquired a new stake in Southwestern Energy during the fourth quarter worth about $34,000. Steward Partners Investment Advisory LLC grew its holdings in Southwestern Energy by 390.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,400 shares of the energy company's stock valued at $35,000 after purchasing an additional 4,300 shares during the period. Finally, Atlas Capital Advisors LLC acquired a new stake in Southwestern Energy in the fourth quarter valued at approximately $38,000. 86.97% of the stock is owned by institutional investors and hedge funds.

About Southwestern Energy

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.