Southwestern Energy (NYSE:SWN) – Analysts at Jefferies Financial Group lifted their Q1 2019 earnings per share (EPS) estimates for Southwestern Energy in a note issued to investors on Monday, October 15th, according to Zacks Investment Research. Jefferies Financial Group analyst Z. Parham now expects that the energy company will earn $0.29 per share for the quarter, up from their prior forecast of $0.25. Jefferies Financial Group also issued estimates for Southwestern Energy’s Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.26 EPS, FY2019 earnings at $0.91 EPS, Q1 2020 earnings at $0.33 EPS, Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $0.25 EPS and FY2020 earnings at $1.15 EPS.
A number of other research firms have also weighed in on SWN. Scotiabank set a $7.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a report on Monday, August 6th. Zacks Investment Research raised shares of Southwestern Energy from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a report on Monday, October 22nd. Johnson Rice lowered shares of Southwestern Energy from a “buy” rating to an “accumulate” rating in a report on Wednesday, August 15th. ValuEngine raised shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, July 28th. Finally, Morgan Stanley lifted their price objective on shares of Southwestern Energy from $4.50 to $5.00 and gave the stock an “underweight” rating in a research note on Thursday, August 16th. Seven analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. Southwestern Energy currently has a consensus rating of “Hold” and a consensus price target of $5.74.
Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, October 25th. The energy company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $889.13 million.
Several large investors have recently added to or reduced their stakes in SWN. Northern Trust Corp lifted its position in shares of Southwestern Energy by 4.6% during the first quarter. Northern Trust Corp now owns 4,423,763 shares of the energy company’s stock worth $19,155,000 after purchasing an additional 195,927 shares during the last quarter. BlackRock Inc. lifted its position in shares of Southwestern Energy by 7.0% during the first quarter. BlackRock Inc. now owns 46,004,561 shares of the energy company’s stock worth $199,198,000 after purchasing an additional 2,997,864 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Southwestern Energy by 34.3% during the first quarter. California Public Employees Retirement System now owns 1,420,184 shares of the energy company’s stock worth $6,149,000 after purchasing an additional 362,648 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Southwestern Energy by 51.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,167,901 shares of the energy company’s stock worth $31,037,000 after purchasing an additional 2,431,342 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Southwestern Energy by 166.7% during the first quarter. Hsbc Holdings PLC now owns 130,440 shares of the energy company’s stock worth $565,000 after purchasing an additional 81,537 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.
In other news, SVP Jennifer N. Mccauley sold 10,850 shares of Southwestern Energy stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $5.88, for a total transaction of $63,798.00. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by 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.
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