Southwestern Energy (NYSE:SWN) Forecasted to Post Q1 2024 Earnings of $0.11 Per Share

Southwestern Energy (NYSE:SWN) – Analysts at Zacks Research reduced their Q1 2024 earnings per share (EPS) estimates for shares of Southwestern Energy in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst R. Department now anticipates that the energy company will earn $0.11 per share for the quarter, down from their prior forecast of $0.12. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.62 per share. Zacks Research also issued estimates for Southwestern Energy’s Q2 2024 earnings at $0.09 EPS, Q3 2024 earnings at $0.13 EPS, Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.53 EPS, Q3 2025 earnings at $0.15 EPS and FY2026 earnings at $1.83 EPS.

SWN has been the topic of a number of other research reports. Seaport Res Ptn cut Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Stifel Nicolaus reissued a “hold” rating and set a $6.60 target price (down from $8.50) on shares of Southwestern Energy in a report on Tuesday, January 23rd. Mizuho raised Southwestern Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $6.00 to $9.00 in a report on Monday, February 26th. StockNews.com initiated coverage on Southwestern Energy in a report on Friday, April 12th. They set a “hold” rating on the stock. Finally, Scotiabank lowered Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the stock from $9.00 to $9.50 in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.11.

Southwestern Energy Stock Performance

Shares of Southwestern Energy stock opened at $7.27 on Wednesday. Southwestern Energy has a 12-month low of $4.57 and a 12-month high of $7.69. The stock has a market cap of $8.01 billion, a P/E ratio of 5.16 and a beta of 1.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $7.10 and its 200-day moving average is $6.80.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue was down 49.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWN. Rise Advisors LLC acquired a new stake in shares of Southwestern Energy during the 1st quarter worth $25,000. Parkside Financial Bank & Trust grew its holdings in shares of Southwestern Energy by 481.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after purchasing an additional 3,854 shares in the last quarter. Pingora Partners LLC acquired a new stake in shares of Southwestern Energy during the 4th quarter worth $30,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Southwestern Energy during the 4th quarter worth $34,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Southwestern Energy by 390.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,400 shares of the energy company’s stock worth $35,000 after purchasing an additional 4,300 shares in the last quarter. 86.97% of the stock is owned by institutional investors and hedge funds.

Southwestern Energy Company Profile

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.