Capital One Financial Brokers Lower Earnings Estimates for Southwestern Energy (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Equities researchers at Capital One Financial cut their Q3 2024 earnings estimates for shares of Southwestern Energy in a research note issued to investors on Tuesday, May 7th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings per share of $0.16 for the quarter, down from their prior estimate of $0.17. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.56 per share. Capital One Financial also issued estimates for Southwestern Energy’s FY2024 earnings at $0.61 EPS and FY2025 earnings at $1.20 EPS.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $0.31 EPS. The firm’s revenue for the quarter was down 33.1% compared to the same quarter last year.

A number of other research analysts have also issued reports on the stock. UBS Group upped their price target on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Susquehanna boosted their price target on Southwestern Energy from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Monday, April 22nd. StockNews.com started coverage on Southwestern Energy in a research note on Monday. They issued a “hold” rating for the company. Citigroup lifted their target price on Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Seaport Res Ptn downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.14.

Southwestern Energy Stock Performance

SWN opened at $7.26 on Wednesday. The company has a market cap of $8.01 billion, a P/E ratio of -4.17 and a beta of 1.15. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.83. The firm’s 50-day moving average price is $7.31 and its 200-day moving average price is $6.88. Southwestern Energy has a 52-week low of $4.67 and a 52-week high of $7.80.

Hedge Funds Weigh In On Southwestern Energy

A number of large investors have recently bought and sold shares of SWN. Fruth Investment Management raised its stake in shares of Southwestern Energy by 14.4% during the 1st quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock worth $92,000 after buying an additional 1,536 shares during the period. Lindbrook Capital LLC lifted its holdings in Southwestern Energy by 30.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,564 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Southwestern Energy by 0.5% in the third quarter. Teacher Retirement System of Texas now owns 352,696 shares of the energy company’s stock valued at $2,275,000 after purchasing an additional 1,889 shares during the period. CWM LLC increased its stake in shares of Southwestern Energy by 17.8% during the first quarter. CWM LLC now owns 15,136 shares of the energy company’s stock worth $115,000 after purchasing an additional 2,289 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Southwestern Energy by 4.4% during the fourth quarter. Cerity Partners LLC now owns 57,931 shares of the energy company’s stock worth $379,000 after purchasing an additional 2,443 shares in the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

About Southwestern Energy

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.