Southwestern Energy (NYSE:SWN - Free Report) - Analysts at Capital One Financial cut their Q3 2024 earnings per share (EPS) estimates for Southwestern Energy in a research note issued on Tuesday, May 7th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings of $0.16 per share for the quarter, down from their prior forecast of $0.17. The consensus estimate for Southwestern Energy's current full-year earnings is $0.56 per share. Capital One Financial also issued estimates for Southwestern Energy's FY2024 earnings at $0.61 EPS and FY2025 earnings at $1.20 EPS.
Southwestern Energy (NYSE:SWN - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.31 earnings per share. The business's revenue was down 33.1% compared to the same quarter last year.
A number of other analysts have also recently commented on SWN. UBS Group upped their price objective on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a "neutral" rating in a research report on Thursday, January 18th. StockNews.com initiated coverage on Southwestern Energy in a research report on Monday. They set a "hold" rating on the stock. Citigroup boosted their price objective on Southwestern Energy from $8.00 to $8.24 and gave the company a "buy" rating in a research report on Friday, January 12th. Stifel Nicolaus increased their target price on Southwestern Energy from $6.60 to $7.60 and gave the stock a "hold" rating in a research note on Tuesday, April 23rd. Finally, Susquehanna lifted their price target on shares of Southwestern Energy from $7.00 to $7.50 and gave the company a "neutral" rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.14.
Check Out Our Latest Stock Analysis on SWN
Southwestern Energy Trading Down 1.6 %
NYSE:SWN traded down $0.12 during trading hours on Wednesday, hitting $7.26. The stock had a trading volume of 12,246,998 shares, compared to its average volume of 17,011,180. The business's 50 day moving average is $7.31 and its 200-day moving average is $6.88. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $8.01 billion, a price-to-earnings ratio of -4.24 and a beta of 1.15. Southwestern Energy has a one year low of $4.67 and a one year high of $7.80.
Institutional Trading of Southwestern Energy
Institutional investors and hedge funds have recently bought and sold shares of the stock. Fruth Investment Management grew its holdings in Southwestern Energy by 14.4% during the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company's stock worth $92,000 after purchasing an additional 1,536 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Southwestern Energy by 30.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company's stock worth $44,000 after acquiring an additional 1,564 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Southwestern Energy by 0.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 352,696 shares of the energy company's stock worth $2,275,000 after acquiring an additional 1,889 shares during the last quarter. CWM LLC raised its stake in Southwestern Energy by 17.8% in the 1st quarter. CWM LLC now owns 15,136 shares of the energy company's stock valued at $115,000 after acquiring an additional 2,289 shares during the period. Finally, Cerity Partners LLC boosted its position in Southwestern Energy by 4.4% during the fourth quarter. Cerity Partners LLC now owns 57,931 shares of the energy company's stock worth $379,000 after purchasing an additional 2,443 shares during the period. Institutional investors own 86.97% of the company's stock.
About Southwestern Energy
(
Get Free Report)
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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