Capital One Financial Comments on Southwestern Energy’s FY2022 Earnings (NYSE:SWN)

Southwestern Energy (NYSE:SWNGet Rating) – Equities research analysts at Capital One Financial upped their FY2022 earnings estimates for Southwestern Energy in a report issued on Wednesday, June 22nd. Capital One Financial analyst B. Velie now expects that the energy company will post earnings per share of $1.48 for the year, up from their previous estimate of $1.47. The consensus estimate for Southwestern Energy’s current full-year earnings is $1.54 per share. Capital One Financial also issued estimates for Southwestern Energy’s Q4 2022 earnings at $0.43 EPS, Q1 2023 earnings at $0.59 EPS, Q2 2023 earnings at $0.60 EPS, Q3 2023 earnings at $0.64 EPS, Q4 2023 earnings at $0.66 EPS and FY2023 earnings at $2.49 EPS.

Several other research firms have also recently commented on SWN. initiated coverage on shares of Southwestern Energy in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley raised their price objective on shares of Southwestern Energy from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Friday, April 22nd. Seaport Res Ptn reaffirmed a “buy” rating on shares of Southwestern Energy in a research note on Wednesday, March 30th. Wells Fargo & Company cut shares of 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 research note on Monday, March 14th. Finally, US Capital Advisors raised shares of Southwestern Energy from a “hold” rating to an “overweight” rating in a research note on Monday, March 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.00.

SWN opened at $6.53 on Thursday. Southwestern Energy has a one year low of $3.81 and a one year high of $9.87. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.22 and a quick ratio of 0.22. The company’s 50 day simple moving average is $7.82 and its 200-day simple moving average is $6.17. The stock has a market capitalization of $7.29 billion, a P/E ratio of -1.95 and a beta of 1.07.

Southwestern Energy (NYSE:SWNGet Rating) last released its quarterly earnings results on Thursday, April 28th. The energy company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Southwestern Energy had a negative net margin of 32.56% and a positive return on equity of 203.77%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. Southwestern Energy’s revenue was up 174.5% compared to the same quarter last year.

Several large investors have recently modified their holdings of SWN. Counterpoint Mutual Funds LLC acquired a new stake in Southwestern Energy in the 1st quarter valued at $25,000. FinTrust Capital Advisors LLC acquired a new stake in Southwestern Energy in the 3rd quarter valued at $28,000. Chilton Capital Management LLC bought a new position in shares of Southwestern Energy in the 4th quarter valued at about $35,000. JNBA Financial Advisors bought a new position in shares of Southwestern Energy in the 4th quarter valued at about $38,000. Finally, Lindbrook Capital LLC grew its position in shares of Southwestern Energy by 28.1% in the 1st quarter. Lindbrook Capital LLC now owns 5,723 shares of the energy company’s stock valued at $41,000 after acquiring an additional 1,254 shares during the period. Institutional investors and hedge funds own 85.77% of the company’s stock.

Southwestern Energy declared that its Board of Directors has approved a share repurchase plan on Tuesday, June 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the energy company to buy up to 13.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Southwestern Energy Company Profile (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 and Estimates for Southwestern Energy (NYSE:SWN)

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