Southwestern Energy (NYSE:SWN) Expected to Post Quarterly Sales of $1.69 Billion

Wall Street brokerages predict that Southwestern Energy (NYSE:SWN – Get Rating) will post $1.69 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Southwestern Energy’s earnings, with estimates ranging from $1.55 billion to $1.93 billion. Southwestern Energy reported sales of $1.07 billion in the same quarter last year, which would suggest a positive year over year growth rate of 57.9%. The company is expected to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Southwestern Energy will report full-year sales of $6.76 billion for the current financial year, with estimates ranging from $6.01 billion to $7.32 billion. For the next financial year, analysts anticipate that the business will post sales of $6.88 billion, with estimates ranging from $5.33 billion to $8.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Southwestern Energy.

Southwestern Energy (NYSE:SWN – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The energy company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. The business 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 was up 278.3% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share.

Several brokerages recently commented on SWN. Piper Sandler raised shares of Southwestern Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $4.50 to $12.00 in a research note on Thursday. 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. Morgan Stanley upped their target price on Southwestern Energy from $6.00 to $8.50 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company cut Southwestern Energy from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $8.00 to $10.00 in a report on Monday, March 14th. Finally, Mizuho boosted their target price on shares of Southwestern Energy from $7.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, April 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Southwestern Energy presently has a consensus rating of “Hold” and an average target price of $8.11.

SWN opened at $7.43 on Monday. The company has a market cap of $8.29 billion, a P/E ratio of -8.95 and a beta of 1.19. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.04. The company’s 50 day moving average is $6.25 and its 200-day moving average is $5.32. Southwestern Energy has a 1-year low of $3.81 and a 1-year high of $8.68.

Several large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its stake in Southwestern Energy by 3.3% during the first quarter. Louisiana State Employees Retirement System now owns 541,700 shares of the energy company’s stock worth $4,458,000 after purchasing an additional 17,300 shares during the period. PCG Wealth Advisors LLC acquired a new stake in shares of Southwestern Energy during the 1st quarter worth approximately $89,000. Strs Ohio increased its stake in shares of Southwestern Energy by 27.3% in the 1st quarter. Strs Ohio now owns 121,700 shares of the energy company’s stock valued at $872,000 after acquiring an additional 26,100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Southwestern Energy by 8.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 411,831 shares of the energy company’s stock valued at $2,953,000 after acquiring an additional 30,715 shares during the period. Finally, Inspire Investing LLC bought a new position in Southwestern Energy during the first quarter worth $234,000. 84.99% of the stock is currently owned by 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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