Southwestern Energy (NYSE:SWN) – Stock analysts at Piper Jaffray Companies raised their FY2018 earnings per share estimates for Southwestern Energy in a report released on Wednesday, January 9th. Piper Jaffray Companies analyst K. Harrison now forecasts that the energy company will post earnings per share of $1.08 for the year, up from their previous forecast of $1.02. Piper Jaffray Companies also issued estimates for Southwestern Energy’s Q4 2018 earnings at $0.36 EPS, FY2019 earnings at $0.46 EPS and FY2020 earnings at $0.50 EPS.
A number of other research analysts have also recently issued reports on the stock. Bank of America cut shares of Southwestern Energy from a “neutral” rating to an “underperform” rating in a report on Friday, January 4th. Capital One Financial cut shares of Southwestern Energy from an “overweight” rating to an “underweight” rating in a report on Thursday, December 20th. MKM Partners began coverage on shares of Southwestern Energy in a report on Wednesday, December 5th. They issued a “buy” rating and a $6.00 target price for the company. Zacks Investment Research cut shares of Southwestern Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. Finally, Morgan Stanley set a $4.00 target price on shares of Southwestern Energy and gave the company a “sell” rating in a report on Friday, October 12th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. Southwestern Energy currently has an average rating of “Hold” and a consensus target price of $5.80.
Shares of Southwestern Energy stock opened at $4.35 on Friday. Southwestern Energy has a 12-month low of $3.23 and a 12-month high of $6.23. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 9.89 and a beta of 0.95.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, October 25th. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. Southwestern Energy had a net margin of 14.22% and a return on equity of 22.07%. The firm had revenue of $951.00 million during the quarter, compared to analysts’ expectations of $889.13 million.
A number of hedge funds and other institutional investors have recently made changes to their positions in SWN. FMR LLC boosted its position in Southwestern Energy by 216.5% during the third quarter. FMR LLC now owns 49,012,660 shares of the energy company’s stock worth $250,454,000 after acquiring an additional 33,527,802 shares during the last quarter. BlackRock Inc. boosted its position in Southwestern Energy by 34.5% during the second quarter. BlackRock Inc. now owns 61,871,297 shares of the energy company’s stock worth $327,918,000 after acquiring an additional 15,866,736 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Southwestern Energy by 78.7% during the third quarter. Dimensional Fund Advisors LP now owns 26,092,943 shares of the energy company’s stock worth $133,337,000 after acquiring an additional 11,494,799 shares during the last quarter. Key Group Holdings Cayman LTD. boosted its position in Southwestern Energy by 62.3% during the third quarter. Key Group Holdings Cayman LTD. now owns 13,799,075 shares of the energy company’s stock worth $70,513,000 after acquiring an additional 5,294,395 shares during the last quarter. Finally, Key Square Capital Management LLC acquired a new stake in Southwestern Energy during the third quarter worth approximately $24,233,000. Hedge funds and other institutional investors own 96.89% of the company’s stock.
In other news, SVP Jennifer N. Mccauley sold 10,850 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $5.88, for a total value of $63,798.00. Following the sale, the senior vice president now directly owns 30,799 shares in the company, valued at $181,098.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.
Southwestern Energy Company Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
Read More: What are Institutional Investors?
Receive News & Ratings for Southwestern Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy and related companies with MarketBeat.com's FREE daily email newsletter.