Southwestern Energy (NYSE:SWN) Posts Earnings Results, Beats Estimates By $0.01 EPS

Southwestern Energy (NYSE:SWNGet Rating) released its quarterly earnings data on Thursday. The energy company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01, MarketWatch Earnings reports. Southwestern Energy had a positive return on equity of 117.50% and a negative net margin of 0.37%. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 174.5% on a year-over-year basis.

SWN stock traded up $0.13 on Friday, reaching $7.50. The company had a trading volume of 37,632,655 shares, compared to its average volume of 31,878,028. Southwestern Energy has a 1 year low of $3.81 and a 1 year high of $8.68. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.46 and a quick ratio of 0.46. The company’s fifty day moving average is $6.51 and its 200 day moving average is $5.39.

A number of hedge funds have recently bought and sold shares of SWN. Morgan Stanley lifted its stake in Southwestern Energy by 97.4% in the 2nd quarter. Morgan Stanley now owns 3,526,301 shares of the energy company’s stock valued at $19,994,000 after buying an additional 1,739,788 shares in the last quarter. Barclays PLC lifted its holdings in Southwestern Energy by 187.2% in the 4th quarter. Barclays PLC now owns 1,468,457 shares of the energy company’s stock valued at $6,843,000 after purchasing an additional 957,116 shares in the last quarter. LPL Financial LLC lifted its holdings in Southwestern Energy by 141.4% in the 4th quarter. LPL Financial LLC now owns 90,531 shares of the energy company’s stock valued at $422,000 after purchasing an additional 53,028 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Southwestern Energy by 39.1% in the 4th quarter. Alliancebernstein L.P. now owns 1,363,417 shares of the energy company’s stock valued at $6,354,000 after purchasing an additional 383,217 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new position in Southwestern Energy in the 4th quarter valued at about $110,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on SWN shares. Susquehanna Bancshares increased their price objective on Southwestern Energy from $7.00 to $9.00 and gave the company a “positive” rating in a report on Monday, April 25th. Citigroup increased their target price on shares of Southwestern Energy from $6.00 to $8.25 and gave the company a “neutral” rating in a research report on Tuesday. Susquehanna increased their target price on shares of Southwestern Energy from $7.00 to $9.00 and gave the company a “positive” rating in a research report on Monday, April 25th. Seaport Res Ptn reiterated a “buy” rating on shares of Southwestern Energy in a research note on Wednesday, March 30th. Finally, Mizuho lifted their target price on shares of Southwestern Energy from $7.00 to $13.00 and gave the company a “buy” rating in a report on Friday, April 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Southwestern Energy currently has an average rating of “Hold” and a consensus price target of $8.53.

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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Earnings History for Southwestern Energy (NYSE:SWN)

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