Southwestern Energy to Post Q2 2019 Earnings of $0.10 Per Share, Jefferies Financial Group Forecasts (SWN)

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Southwestern Energy (NYSE:SWN) – Equities research analysts at Jefferies Financial Group decreased their Q2 2019 earnings estimates for Southwestern Energy in a research report issued on Monday, April 29th, Zacks Investment Research reports. Jefferies Financial Group analyst Z. Parham now anticipates that the energy company will post earnings of $0.10 per share for the quarter, down from their prior forecast of $0.12. Jefferies Financial Group also issued estimates for Southwestern Energy’s Q3 2019 earnings at $0.10 EPS and FY2020 earnings at $0.64 EPS.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a report on Tuesday, February 12th. B. Riley set a $6.50 price objective on Southwestern Energy and gave the company a “buy” rating in a report on Friday. Wolfe Research cut Southwestern Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, April 18th. Morgan Stanley set a $4.00 price objective on Southwestern Energy and gave the company a “sell” rating in a report on Tuesday, January 29th. Finally, Mitsubishi UFJ Financial Group decreased their price objective on Southwestern Energy to $5.00 and set a “neutral” rating on the stock in a report on Friday, February 8th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Southwestern Energy presently has a consensus rating of “Hold” and an average target price of $5.66.

Shares of Southwestern Energy stock traded down $0.18 on Thursday, hitting $3.89. 10,922,157 shares of the company were exchanged, compared to its average volume of 16,809,398. The stock has a market cap of $2.22 billion, a P/E ratio of 3.81 and a beta of 1.22. Southwestern Energy has a 1-year low of $3.23 and a 1-year high of $6.23. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.94 and a quick ratio of 0.94.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, February 28th. The energy company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1 billion. Southwestern Energy had a return on equity of 23.46% and a net margin of 23.47%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Loomis Sayles & Co. L P increased its position in shares of Southwestern Energy by 222.2% during the first quarter. Loomis Sayles & Co. L P now owns 5,777 shares of the energy company’s stock worth $27,000 after acquiring an additional 3,984 shares during the period. Greenwich Wealth Management LLC acquired a new stake in Southwestern Energy during the fourth quarter worth approximately $43,000. Courier Capital LLC acquired a new stake in Southwestern Energy during the fourth quarter worth approximately $48,000. Legacy Advisors LLC acquired a new stake in Southwestern Energy during the first quarter worth approximately $49,000. Finally, Peoples Financial Services CORP. boosted its position in Southwestern Energy by 21.7% during the fourth quarter. Peoples Financial Services CORP. now owns 14,600 shares of the energy company’s stock worth $50,000 after acquiring an additional 2,600 shares during the last quarter. 94.63% of the stock is currently owned by 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 development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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Earnings History and Estimates for Southwestern Energy (NYSE:SWN)

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