Equities Analysts Issue Forecasts for Southwestern Energy’s Q1 2024 Earnings (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Analysts at Zacks Research decreased their Q1 2024 EPS estimates for Southwestern Energy in a research note issued on Tuesday, April 16th. Zacks Research analyst R. Department now anticipates that the energy company will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.12. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.61 per share. Zacks Research also issued estimates for Southwestern Energy’s Q2 2024 earnings at $0.09 EPS, Q3 2024 earnings at $0.13 EPS, Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.53 EPS, Q3 2025 earnings at $0.15 EPS and FY2026 earnings at $1.83 EPS.

Several other equities analysts have also recently commented on SWN. StockNews.com started coverage on shares of Southwestern Energy in a research note on Friday, April 12th. They set a “hold” rating on the stock. UBS Group lifted their target price on Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Scotiabank lowered shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $6.60 target price (down from $8.50) on shares of Southwestern Energy in a report on Tuesday, January 23rd. Finally, Seaport Res Ptn lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.11.

Southwestern Energy Stock Up 0.1 %

SWN opened at $7.28 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.82 and a quick ratio of 0.82. Southwestern Energy has a 12 month low of $4.57 and a 12 month high of $7.69. The stock’s 50 day moving average price is $7.12 and its 200 day moving average price is $6.81. The stock has a market cap of $8.01 billion, a P/E ratio of 5.16 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The business’s revenue was down 49.9% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS.

Institutional Investors Weigh In On Southwestern Energy

Several institutional investors have recently made changes to their positions in the company. Raymond James & Associates boosted its holdings in Southwestern Energy by 14.9% in the first quarter. Raymond James & Associates now owns 156,725 shares of the energy company’s stock worth $1,124,000 after purchasing an additional 20,272 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake 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 valued at $1,003,000 after acquiring an additional 80,088 shares in the last quarter. American Century Companies Inc. raised its stake 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 valued at $1,695,000 after acquiring an additional 76,127 shares in the last quarter. HighTower Advisors LLC lifted its holdings in 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 purchasing an additional 50,904 shares during the last quarter. Finally, Cetera Advisor Networks LLC boosted its position in Southwestern Energy by 9.5% during the first quarter. Cetera Advisor Networks LLC now owns 46,886 shares of the energy company’s stock worth $336,000 after purchasing an additional 4,051 shares during the period. 86.97% of the stock is currently owned by institutional investors and hedge funds.

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.