Southwestern Energy (NYSE:SWN) to Post FY2022 Earnings of $1.29 Per Share, Capital One Financial Forecasts

Southwestern Energy (NYSE:SWNGet Rating) – Capital One Financial cut their FY2022 earnings per share estimates for Southwestern Energy in a research note issued to investors on Monday, January 23rd. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings per share of $1.29 for the year, down from their prior forecast of $1.31. The consensus estimate for Southwestern Energy’s current full-year earnings is $1.34 per share. Capital One Financial also issued estimates for Southwestern Energy’s Q4 2022 earnings at $0.23 EPS, Q1 2023 earnings at $0.31 EPS, Q2 2023 earnings at $0.32 EPS, Q3 2023 earnings at $0.33 EPS, Q4 2023 earnings at $0.35 EPS, FY2023 earnings at $1.32 EPS and FY2024 earnings at $1.98 EPS.

SWN has been the subject of a number of other reports. Mizuho cut Southwestern Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $11.00 to $9.00 in a research note on Tuesday, January 10th. The Goldman Sachs Group decreased their price target on Southwestern Energy from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, December 29th. Raymond James decreased their price target on Southwestern Energy from $10.50 to $9.00 and set an “outperform” rating for the company in a research note on Monday, October 24th. Truist Financial raised Southwestern Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $7.00 to $11.00 in a report on Monday, October 3rd. Finally, StockNews.com assumed coverage on Southwestern Energy in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Southwestern Energy currently has an average rating of “Moderate Buy” and an average price target of $9.97.

Southwestern Energy Trading Down 4.1 %

Southwestern Energy stock opened at $5.67 on Tuesday. The stock has a 50-day moving average of $6.17 and a two-hundred day moving average of $6.66. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.37 and a current ratio of 0.37. Southwestern Energy has a one year low of $3.93 and a one year high of $9.87. The stock has a market cap of $6.32 billion, a PE ratio of 4.17 and a beta of 1.27.

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

Institutional Investors Weigh In On Southwestern Energy

A number of institutional investors and hedge funds have recently modified their holdings of SWN. Raymond James & Associates grew its holdings in shares of Southwestern Energy by 14.9% in the 1st quarter. Raymond James & Associates now owns 156,725 shares of the energy company’s stock worth $1,124,000 after acquiring an additional 20,272 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Southwestern Energy by 133.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 139,901 shares of the energy company’s stock worth $1,003,000 after acquiring an additional 80,088 shares during the period. American Century Companies Inc. grew its holdings in shares of Southwestern Energy by 47.5% in the 1st quarter. American Century Companies Inc. now owns 236,458 shares of the energy company’s stock worth $1,695,000 after acquiring an additional 76,127 shares during the period. HighTower Advisors LLC grew its holdings in shares of Southwestern Energy by 184.8% in the 1st quarter. HighTower Advisors LLC now owns 78,456 shares of the energy company’s stock worth $565,000 after acquiring an additional 50,904 shares during the period. Finally, Cetera Advisor Networks LLC grew its holdings in shares of Southwestern Energy by 9.5% in the 1st quarter. Cetera Advisor Networks LLC now owns 46,886 shares of the energy company’s stock worth $336,000 after acquiring an additional 4,051 shares during the period. Institutional investors and hedge funds own 82.26% of the company’s stock.

Southwestern Energy Company Profile

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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.

See Also

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

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