Southwestern Energy (NYSE:SWN) – Equities research analysts at Capital One Financial raised their Q3 2018 earnings estimates for shares of Southwestern Energy in a report issued on Tuesday, September 4th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings per share of $0.20 for the quarter, up from their prior estimate of $0.18. Capital One Financial also issued estimates for Southwestern Energy’s Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.89 EPS and FY2019 earnings at $1.14 EPS.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 2nd. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. Southwestern Energy had a net margin of 18.37% and a return on equity of 17.78%. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $809.41 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year.
Other equities analysts have also issued research reports about the stock. B. Riley boosted their price objective on shares of Southwestern Energy from $7.85 to $10.00 and gave the company a “buy” rating in a research report on Friday, June 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $4.30 price objective on shares of Southwestern Energy in a research report on Friday, June 1st. BMO Capital Markets set a $7.00 price objective on shares of Southwestern Energy and gave the company a “buy” rating in a research report on Sunday, August 12th. Morgan Stanley boosted their price objective on shares of Southwestern Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Zacks Investment Research raised shares of Southwestern Energy from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research report on Tuesday, July 17th. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $5.96.
Shares of NYSE SWN opened at $4.83 on Friday. Southwestern Energy has a 12-month low of $3.42 and a 12-month high of $6.72. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 10.98 and a beta of 0.84. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.59.
Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in Southwestern Energy by 2,836.9% during the second quarter. Nisa Investment Advisors LLC now owns 20,705 shares of the energy company’s stock worth $110,000 after buying an additional 20,000 shares during the period. US Bancorp DE grew its stake in Southwestern Energy by 222.5% during the second quarter. US Bancorp DE now owns 23,962 shares of the energy company’s stock worth $127,000 after buying an additional 16,533 shares during the period. Bayesian Capital Management LP purchased a new stake in Southwestern Energy during the first quarter worth approximately $150,000. LPL Financial LLC purchased a new stake in Southwestern Energy during the first quarter worth approximately $152,000. Finally, Creative Planning purchased a new stake in Southwestern Energy during the second quarter worth approximately $169,000. 90.86% of the stock is owned by hedge funds and other institutional investors.
About Southwestern Energy
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 Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.