Southwestern Energy Forecasted to Post Q3 2023 Earnings of $0.14 Per Share (NYSE:SWN)

Southwestern Energy (NYSE:SWN – Get Rating) – Seaport Res Ptn cut their Q3 2023 earnings per share (EPS) estimates for Southwestern Energy in a report issued on Thursday, May 18th. Seaport Res Ptn analyst N. Pope now forecasts that the energy company will post earnings of $0.14 per share for the quarter, down from their prior estimate of $0.15. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.70 per share.

Southwestern Energy (NYSE:SWN – Get Rating) last issued its quarterly earnings results on Friday, April 28th. The energy company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. Southwestern Energy had a return on equity of 41.76% and a net margin of 45.59%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down 28.0% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. Siebert Williams Shank initiated coverage on Southwestern Energy in a report on Monday, April 10th. They set a “hold” rating and a $6.00 price objective on the stock. TheStreet upgraded shares of Southwestern Energy from a “d+” rating to a “c” rating in a research note on Friday, February 24th. Susquehanna reduced their price objective on shares of Southwestern Energy from $7.50 to $7.00 and set a “positive” rating for the company in a research note on Friday, April 21st. Wells Fargo & Company downgraded shares of Southwestern Energy from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $6.00 to $5.00 in a research note on Tuesday, April 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $9.00 price objective on shares of Southwestern Energy in a research note on Tuesday, March 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Southwestern Energy presently has an average rating of “Hold” and a consensus target price of $7.94.

Southwestern Energy Stock Down 1.1 %

NYSE SWN opened at $5.36 on Monday. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 0.92 and a beta of 1.31. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.63. Southwestern Energy has a 1-year low of $4.57 and a 1-year high of $9.87. The stock’s 50 day moving average is $4.97 and its two-hundred day moving average is $5.59.

Institutional Investors Weigh In On Southwestern Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc boosted its holdings in Southwestern Energy by 201.0% during the third quarter. IFP Advisors Inc now owns 2,829 shares of the energy company’s stock worth $34,000 after purchasing an additional 1,889 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Southwestern Energy by 609.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 5,029 shares of the energy company’s stock worth $25,000 after purchasing an additional 4,320 shares during the period. Spire Wealth Management purchased a new position in Southwestern Energy in the 4th quarter worth $30,000. Quadrant Capital Group LLC increased its position in shares of Southwestern Energy by 61.9% in the third quarter. Quadrant Capital Group LLC now owns 5,583 shares of the energy company’s stock valued at $34,000 after acquiring an additional 2,134 shares during the period. Finally, Industrial Alliance Investment Management Inc. purchased a new position in shares of Southwestern Energy in the fourth quarter valued at about $34,000. 82.26% of the stock is owned by institutional investors.

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.