Zacks: Analysts Anticipate Southwestern Energy (NYSE:SWN) Will Post Quarterly Sales of $1.77 Billion
Equities analysts predict that Southwestern Energy (NYSE:SWN – Get Rating) will post sales of $1.77 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Southwestern Energy’s earnings. The highest sales estimate is $2.14 billion and the lowest is $1.41 billion. Southwestern Energy posted sales of $1.05 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 68.6%. The firm is expected to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Southwestern Energy will report full-year sales of $7.84 billion for the current financial year, with estimates ranging from $6.55 billion to $9.11 billion. For the next year, analysts forecast that the firm will report sales of $8.18 billion, with estimates ranging from $6.59 billion to $9.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Southwestern Energy.
Southwestern Energy (NYSE:SWN – Get Rating) last announced its earnings results on Thursday, April 28th. The energy company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $1.75 billion. Southwestern Energy had a positive return on equity of 203.77% and a negative net margin of 32.56%. The business’s quarterly revenue was up 174.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS.
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Several research analysts have recently weighed in on the company. Susquehanna upped their target price on Southwestern Energy from $7.00 to $9.00 and gave the stock a “positive” rating in a research note on Monday, April 25th. Raymond James increased their price objective on Southwestern Energy from $9.00 to $10.50 and gave the company an “outperform” rating in a research note on Monday, April 25th. Wells Fargo & Company downgraded Southwestern Energy from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $8.00 to $10.00 in a research note on Monday, March 14th. Truist Financial increased their price objective on Southwestern Energy from $5.00 to $9.00 in a research note on Thursday, April 21st. Finally, US Capital Advisors raised Southwestern Energy from a “hold” rating to an “overweight” rating in a research note on Monday, March 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.59.
Shares of SWN stock opened at $9.15 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market cap of $10.21 billion, a price-to-earnings ratio of -2.73 and a beta of 1.07. The stock has a 50 day simple moving average of $7.71 and a 200-day simple moving average of $5.86. Southwestern Energy has a 1-year low of $3.81 and a 1-year high of $9.78.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in Southwestern Energy by 97.4% during the 2nd quarter. Morgan Stanley now owns 3,526,301 shares of the energy company’s stock valued at $19,994,000 after acquiring an additional 1,739,788 shares during the period. New World Advisors LLC purchased a new position in Southwestern Energy during the 3rd quarter valued at about $98,000. Goldman Sachs Group Inc. boosted its holdings in Southwestern Energy by 14.0% during the 3rd quarter. Goldman Sachs Group Inc. now owns 3,331,122 shares of the energy company’s stock valued at $18,455,000 after acquiring an additional 409,486 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Southwestern Energy by 36.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 19,265 shares of the energy company’s stock valued at $107,000 after acquiring an additional 5,170 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Southwestern Energy by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,005,300 shares of the energy company’s stock valued at $60,969,000 after acquiring an additional 87,525 shares during the period. Institutional investors and hedge funds own 85.77% of the company’s stock.
Southwestern Energy Company Profile (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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