Southwestern Energy (NYSE:SWN - Free Report) - Research analysts at Zacks Research lowered their Q1 2024 earnings estimates for shares of Southwestern Energy in a report released on Tuesday, April 16th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.12. The consensus estimate for Southwestern Energy's current full-year earnings is $0.62 per share. Zacks Research also issued estimates for Southwestern Energy's Q2 2024 earnings at $0.09 EPS, Q3 2024 earnings at $0.13 EPS, Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.53 EPS, Q3 2025 earnings at $0.15 EPS and FY2026 earnings at $1.83 EPS.
Southwestern Energy (NYSE:SWN - Get Free Report) last issued its earnings results on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $0.26 EPS. The business's revenue for the quarter was down 49.9% compared to the same quarter last year.
SWN has been the topic of a number of other research reports. Susquehanna raised their target price on shares of Southwestern Energy from $6.50 to $7.00 and gave the company a "neutral" rating in a research note on Monday, March 4th. UBS Group raised their price target on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a "neutral" rating in a report on Thursday, January 18th. Stifel Nicolaus reissued a "hold" rating and set a $6.60 price objective (down from $8.50) on shares of Southwestern Energy in a report on Tuesday, January 23rd. Scotiabank lowered shares of Southwestern Energy from a "sector outperform" rating to a "sector perform" rating and raised their price objective for the stock from $9.00 to $9.50 in a report on Thursday, April 11th. Finally, Mizuho raised shares of Southwestern Energy from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $6.00 to $9.00 in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Southwestern Energy presently has an average rating of "Hold" and a consensus target price of $8.11.
Read Our Latest Research Report on SWN
Southwestern Energy Price Performance
Shares of SWN stock remained flat at $7.27 during mid-day trading on Wednesday. 6,938,829 shares of the stock were exchanged, compared to its average volume of 17,534,090. The firm's 50-day moving average is $7.10 and its 200 day moving average is $6.80. Southwestern Energy has a fifty-two week low of $4.57 and a fifty-two week high of $7.69. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 5.16 and a beta of 1.12.
Institutional Trading of Southwestern Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC raised its position in shares of Southwestern Energy by 28.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 18,510 shares of the energy company's stock worth $140,000 after buying an additional 4,075 shares in the last quarter. Southland Equity Partners LLC bought a new stake in shares of Southwestern Energy during the 1st quarter worth about $216,000. &PARTNERS bought a new stake in shares of Southwestern Energy during the 1st quarter worth about $76,000. Sanders Morris Harris LLC bought a new stake in shares of Southwestern Energy during the 1st quarter worth about $712,000. Finally, Wedmont Private Capital raised its position in shares of Southwestern Energy by 56.4% during the 1st quarter. Wedmont Private Capital now owns 27,330 shares of the energy company's stock worth $206,000 after buying an additional 9,861 shares in the last quarter. 86.97% of the stock is currently owned by institutional investors.
Southwestern Energy Company Profile
(
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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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