Southwestern Energy (NYSE:SWN – Get Rating) – Equities researchers at Seaport Res Ptn upped their Q1 2022 earnings estimates for shares of Southwestern Energy in a report issued on Tuesday, April 19th. Seaport Res Ptn analyst N. Pope now anticipates that the energy company will post earnings per share of $0.38 for the quarter, up from their previous estimate of $0.37. Seaport Res Ptn has a “Buy” rating on the stock.
Several other analysts have also commented on the company. Morgan Stanley dropped their target price on Southwestern Energy from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 25th. US Capital Advisors raised Southwestern Energy from a “hold” rating to an “overweight” rating in a report on Monday, March 14th. Bank of America raised Southwestern Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $5.00 to $9.00 in a report on Tuesday, March 8th. Wells Fargo & Company lowered Southwestern Energy from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $8.00 to $10.00 in a report on Monday, March 14th. Finally, The Goldman Sachs Group started coverage on Southwestern Energy in a report on Friday, January 21st. They issued a “neutral” rating and a $5.25 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.31.
Southwestern Energy (NYSE:SWN – Get Rating) last posted its earnings results on Thursday, February 24th. The energy company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $1.52 billion. Southwestern Energy had a positive return on equity of 117.50% and a negative net margin of 0.37%. Southwestern Energy’s revenue for the quarter was up 278.3% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWN. BlackRock Inc. lifted its position in shares of Southwestern Energy by 53.1% in the fourth quarter. BlackRock Inc. now owns 155,044,357 shares of the energy company’s stock valued at $722,508,000 after acquiring an additional 53,796,122 shares in the last quarter. Ridgemont Partners Management LLC purchased a new position in Southwestern Energy during the fourth quarter worth approximately $221,006,000. Allspring Global Investments Holdings LLC purchased a new position in Southwestern Energy during the fourth quarter worth approximately $65,474,000. Lord Abbett & CO. LLC purchased a new position in Southwestern Energy during the third quarter worth approximately $66,588,000. Finally, State Street Corp lifted its position in Southwestern Energy by 21.1% during the fourth quarter. State Street Corp now owns 46,051,748 shares of the energy company’s stock worth $214,601,000 after buying an additional 8,032,824 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
About Southwestern Energy (Get Rating)
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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