Southwestern Energy (NYSE:SWN – Get Rating) – Stock analysts at Seaport Res Ptn lowered their Q2 2022 EPS estimates for shares of Southwestern Energy in a report issued on Tuesday, April 19th. Seaport Res Ptn analyst N. Pope now forecasts that the energy company will earn $0.28 per share for the quarter, down from their previous estimate of $0.38. Seaport Res Ptn currently has a “Buy” rating on the stock. Seaport Res Ptn also issued estimates for Southwestern Energy’s Q3 2022 earnings at $0.31 EPS, Q4 2022 earnings at $0.35 EPS and FY2022 earnings at $1.32 EPS.
Other analysts also recently issued research reports about the stock. Bank of America raised shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $5.00 to $9.00 in a research report on Tuesday, March 8th. Morgan Stanley lowered their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 25th. Truist Financial reduced their target price on Southwestern Energy from $6.00 to $5.00 in a research note on Friday, January 14th. US Capital Advisors upgraded Southwestern Energy from a “hold” rating to an “overweight” rating in a research note on Monday, March 14th. Finally, Wells Fargo & Company cut Southwestern Energy from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $8.00 to $10.00 in a research note on Monday, March 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Southwestern Energy has a consensus rating of “Hold” and an average price target of $7.65.
Southwestern Energy (NYSE:SWN – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The energy company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Southwestern Energy had a negative net margin of 0.37% and a positive return on equity of 117.50%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the company earned $0.18 earnings per share. Southwestern Energy’s revenue for the quarter was up 278.3% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in Southwestern Energy by 53.1% in the fourth quarter. BlackRock Inc. now owns 155,044,357 shares of the energy company’s stock worth $722,508,000 after buying an additional 53,796,122 shares during the period. Ridgemont Partners Management LLC acquired a new stake in Southwestern Energy in the fourth quarter worth $221,006,000. State Street Corp increased its position in Southwestern Energy by 21.1% in 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 during the period. Geode Capital Management LLC increased its position in Southwestern Energy by 55.1% in the fourth quarter. Geode Capital Management LLC now owns 17,069,592 shares of the energy company’s stock worth $79,544,000 after buying an additional 6,064,292 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Southwestern Energy in the fourth quarter worth $65,474,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
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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