Southwestern Energy Company (NYSE:SWN) – Analysts at Jefferies Group reduced their Q3 2017 EPS estimates for shares of Southwestern Energy in a research note issued to investors on Monday. Jefferies Group analyst Z. Parham now expects that the energy company will earn $0.16 per share for the quarter, down from their previous forecast of $0.24. Jefferies Group also issued estimates for Southwestern Energy’s Q4 2017 earnings at $0.29 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.27 EPS, FY2018 earnings at $1.14 EPS and FY2019 earnings at $1.15 EPS.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.08). Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The company had revenue of $811.00 million during the quarter, compared to analysts’ expectations of $810.00 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company’s revenue for the quarter was up 55.4% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This report was published by Stock Observer and is the sole property of of Stock Observer. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.thestockobserver.com/2017/10/13/southwestern-energy-company-to-post-q3-2017-earnings-of-0-16-per-share-jefferies-group-forecasts-swn.html.
Several other research firms have also recently commented on SWN. Royal Bank Of Canada restated a “hold” rating and issued a $9.00 target price on shares of Southwestern Energy in a research report on Thursday, July 20th. Robert W. Baird restated a “hold” rating and issued a $8.00 target price on shares of Southwestern Energy in a research report on Tuesday, September 26th. Scotiabank set a $9.00 target price on Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. Wolfe Research upgraded Southwestern Energy from an “underperform” rating to a “market perform” rating and raised their target price for the company from $6.00 to $7.00 in a research report on Wednesday, September 20th. Finally, BidaskClub cut Southwestern Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.60.
Southwestern Energy (NYSE:SWN) opened at 5.83 on Thursday. The firm has a 50 day moving average price of $5.82 and a 200 day moving average price of $6.33. The stock’s market capitalization is $2.90 billion. Southwestern Energy has a 52 week low of $5.00 and a 52 week high of $13.67.
A number of hedge funds and other institutional investors have recently bought and sold shares of SWN. Comerica Bank raised its holdings in Southwestern Energy by 0.8% during the first quarter. Comerica Bank now owns 152,631 shares of the energy company’s stock valued at $1,171,000 after buying an additional 1,149 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Southwestern Energy by 1.4% during the first quarter. UBS Asset Management Americas Inc. now owns 1,369,661 shares of the energy company’s stock valued at $11,190,000 after buying an additional 18,930 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Southwestern Energy by 18.5% during the first quarter. Ameriprise Financial Inc. now owns 846,058 shares of the energy company’s stock valued at $6,912,000 after buying an additional 132,258 shares in the last quarter. Mason Street Advisors LLC raised its holdings in Southwestern Energy by 2.5% during the first quarter. Mason Street Advisors LLC now owns 68,815 shares of the energy company’s stock valued at $562,000 after buying an additional 1,678 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Southwestern Energy by 27.7% during the first quarter. Envestnet Asset Management Inc. now owns 41,116 shares of the energy company’s stock valued at $335,000 after buying an additional 8,917 shares in the last quarter. Institutional investors own 89.54% of the company’s stock.
About Southwestern Energy
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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