Southwestern Energy (NYSE:SWN) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Southwestern Energy (NYSE:SWN) issued its earnings results on Thursday. The energy company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01), Briefing.com reports. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 8.31%. The business’s revenue for the quarter was down 33.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share.

Southwestern Energy Price Performance

Shares of SWN stock traded down $0.14 on Friday, hitting $7.08. 22,590,598 shares of the stock traded hands, compared to its average volume of 13,220,767. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of -4.07 and a beta of 1.15. 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 firm has a 50 day simple moving average of $7.29 and a two-hundred day simple moving average of $6.88. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.80.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com assumed coverage on Southwestern Energy in a research report on Sunday, April 28th. They issued a “hold” rating for the company. Susquehanna raised their target price on shares of Southwestern Energy from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Citigroup boosted their target price on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a research note on Friday, January 12th. Mizuho upgraded Southwestern Energy from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $6.00 to $9.00 in a research note on Monday, February 26th. Finally, Stifel Nicolaus upped their price objective on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.14.

Southwestern Energy Company Profile

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.