Zacks Research Equities Analysts Reduce Earnings Estimates for Southwestern Energy (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Equities researchers at Zacks Research decreased their Q2 2024 earnings estimates for shares of Southwestern Energy in a research report issued to clients and investors on Wednesday, May 22nd. Zacks Research analyst R. Department now anticipates that the energy company will earn $0.08 per share for the quarter, down from their previous forecast of $0.09. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.58 per share. Zacks Research also issued estimates for Southwestern Energy’s Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.49 EPS, Q1 2026 earnings at $0.26 EPS and FY2026 earnings at $1.68 EPS.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The company’s quarterly revenue was down 33.1% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS.

Other equities research analysts have also issued research reports about the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $7.00 target price (down previously from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. Mizuho upped their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Stifel Nicolaus upped their target price on shares of Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Susquehanna upped their target price on shares of Southwestern Energy from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Finally, Seaport Res Ptn lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Southwestern Energy has an average rating of “Hold” and an average price target of $8.25.

Southwestern Energy Trading Up 1.1 %

Shares of Southwestern Energy stock opened at $7.39 on Thursday. The firm has a market capitalization of $8.15 billion, a PE ratio of -4.25 and a beta of 1.15. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.62 and a quick ratio of 0.62. The company’s fifty day moving average price is $7.41 and its two-hundred day moving average price is $6.90. Southwestern Energy has a 52-week low of $4.72 and a 52-week high of $7.80.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. grew its stake in shares of Southwestern Energy by 118.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 75,479 shares of the energy company’s stock worth $487,000 after acquiring an additional 41,000 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Southwestern Energy by 16.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 22,458 shares of the energy company’s stock worth $145,000 after acquiring an additional 3,234 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Southwestern Energy by 0.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 352,696 shares of the energy company’s stock worth $2,275,000 after acquiring an additional 1,889 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Southwestern Energy by 21.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 15,508 shares of the energy company’s stock worth $100,000 after acquiring an additional 2,769 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Southwestern Energy by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 2,136,753 shares of the energy company’s stock worth $13,782,000 after acquiring an additional 42,797 shares in the last quarter. 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.