Jefferies Financial Group Weighs in on Southwestern Energy’s FY2023 Earnings (NYSE:SWN)

Southwestern Energy (NYSE:SWNGet Rating) – Stock analysts at Jefferies Financial Group lowered their FY2023 earnings per share (EPS) estimates for shares of Southwestern Energy in a research note issued to investors on Tuesday, January 17th. Jefferies Financial Group analyst L. Byrne now expects that the energy company will post earnings per share of $1.63 for the year, down from their prior estimate of $2.27. Jefferies Financial Group has a “Buy” rating and a $11.00 price objective on the stock. The consensus estimate for Southwestern Energy’s current full-year earnings is $1.34 per share. Jefferies Financial Group also issued estimates for Southwestern Energy’s FY2024 earnings at $2.30 EPS.

Several other research analysts have also weighed in on SWN. Citigroup lowered Southwestern Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $10.00 to $6.50 in a report on Wednesday, December 7th. Truist Financial upgraded Southwestern Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $7.00 to $11.00 in a report on Monday, October 3rd. Morgan Stanley dropped their price target on Southwestern Energy to $7.00 in a research note on Wednesday, December 14th. The Goldman Sachs Group dropped their price target on Southwestern Energy from $8.50 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, December 29th. Finally, Raymond James dropped their price target on Southwestern Energy from $10.50 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, October 24th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.03.

Southwestern Energy Stock Performance

SWN stock opened at $5.79 on Friday. The business’s 50-day moving average price is $6.22 and its two-hundred day moving average price is $6.65. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 3.43. The firm has a market cap of $6.45 billion, a PE ratio of 4.26 and a beta of 1.27. Southwestern Energy has a 1-year low of $3.81 and a 1-year high of $9.87.

Southwestern Energy (NYSE:SWNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The energy company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. Southwestern Energy had a return on equity of 122.25% and a net margin of 8.98%. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company earned $0.24 EPS. The firm’s revenue was up 184.2% on a year-over-year basis.

Hedge Funds Weigh In On Southwestern Energy

Institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of Southwestern Energy by 109.8% in the third quarter. CWM LLC now owns 8,230 shares of the energy company’s stock valued at $50,000 after buying an additional 4,307 shares during the period. Moloney Securities Asset Management LLC bought a new stake in shares of Southwestern Energy in the second quarter valued at approximately $63,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Southwestern Energy by 11.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 13,878,157 shares of the energy company’s stock valued at $84,933,000 after buying an additional 1,459,168 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of Southwestern Energy by 60.9% in the second quarter. Cetera Advisor Networks LLC now owns 75,440 shares of the energy company’s stock valued at $472,000 after buying an additional 28,554 shares during the period. Finally, Arizona State Retirement System lifted its stake in Southwestern Energy by 60.1% during the second quarter. Arizona State Retirement System now owns 241,586 shares of the energy company’s stock worth $1,510,000 after purchasing an additional 90,686 shares during the last quarter. Institutional investors and hedge funds own 82.26% of the company’s stock.

About Southwestern Energy

(Get Rating)

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.

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Earnings History and Estimates for Southwestern Energy (NYSE:SWN)

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