Q2 2023 EPS Estimates for Southwestern Energy Cut by Analyst (NYSE:SWN)

Southwestern Energy (NYSE:SWN – Get Rating) – Investment analysts at Capital One Financial decreased their Q2 2023 earnings per share estimates for Southwestern Energy in a report issued on Tuesday, March 7th. Capital One Financial analyst B. Velie now forecasts that the energy company will earn $0.19 per share for the quarter, down from their previous estimate of $0.25. The consensus estimate for Southwestern Energy’s current full-year earnings is $1.14 per share. Capital One Financial also issued estimates for Southwestern Energy’s Q3 2023 earnings at $0.20 EPS, Q4 2023 earnings at $0.23 EPS and FY2023 earnings at $0.89 EPS.

Several other equities research analysts have also commented on SWN. TheStreet upgraded Southwestern Energy from a “d+” rating to a “c” rating in a research report on Friday, February 24th. Wells Fargo & Company started coverage on shares of Southwestern Energy in a report on Tuesday, January 24th. They issued an “equal weight” rating for the company. Piper Sandler decreased their target price on shares of Southwestern Energy from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 price objective on shares of Southwestern Energy in a research note on Tuesday. Finally, Citigroup cut shares of Southwestern Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $6.50 in a report on Wednesday, December 7th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Southwestern Energy has a consensus rating of “Moderate Buy” and a consensus price target of $9.20.

Southwestern Energy Stock Performance

Shares of NYSE SWN opened at $5.05 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02. Southwestern Energy has a 12 month low of $4.79 and a 12 month high of $9.87. The stock has a 50 day moving average of $5.47 and a 200-day moving average of $6.33. The company has a market capitalization of $5.55 billion, a P/E ratio of 3.01 and a beta of 1.28.

Southwestern Energy (NYSE:SWN – Get Rating) last released its earnings results on Friday, February 24th. The energy company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $2.50 billion. Southwestern Energy had a net margin of 12.32% and a return on equity of 87.78%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS.

Hedge Funds Weigh In On Southwestern Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc grew its position in shares of Southwestern Energy by 201.0% during the 3rd quarter. IFP Advisors Inc now owns 2,829 shares of the energy company’s stock worth $34,000 after buying an additional 1,889 shares during the period. Spire Wealth Management bought a new stake in shares of Southwestern Energy during the 4th quarter worth $30,000. Quadrant Capital Group LLC increased its holdings in Southwestern Energy by 61.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 5,583 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,134 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in Southwestern Energy in the 4th quarter worth about $34,000. Finally, FinTrust Capital Advisors LLC increased its holdings in Southwestern Energy by 91.5% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 6,725 shares of the energy company’s stock worth $45,000 after acquiring an additional 3,214 shares during the last quarter. 82.26% of the stock is currently owned by institutional investors and hedge funds.

About Southwestern Energy

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Southwestern Energy Co is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P), and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P.