FY2017 EPS Estimates for Southwestern Energy Company (SWN) Reduced by Capital One Financial Corporation

Southwestern Energy Company (NYSE:SWN) – Research analysts at Capital One Financial Corporation reduced their FY2017 earnings estimates for Southwestern Energy in a report issued on Thursday. Capital One Financial Corporation analyst B. Velie now expects that the energy company will post earnings of $0.41 per share for the year, down from their previous forecast of $0.45. Capital One Financial Corporation also issued estimates for Southwestern Energy’s Q4 2017 earnings at $0.10 EPS.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The company had revenue of $737.00 million during the quarter, compared to analyst estimates of $773.99 million. During the same quarter in the prior year, the business earned $0.03 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Southwestern Energy Company (SWN) Reduced by Capital One Financial Corporation” was published by Week Herald and is owned by of Week Herald. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://weekherald.com/2017/11/18/fy2017-eps-estimates-for-southwestern-energy-company-swn-reduced-by-capital-one-financial-corporation.html.

A number of other analysts have also weighed in on the stock. KeyCorp restated a “hold” rating on shares of Southwestern Energy in a research report on Sunday, September 3rd. Citigroup Inc. dropped their price target on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Cowen and Company reaffirmed a “buy” rating and set a $9.00 price target on shares of Southwestern Energy in a research note on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Southwestern Energy in a research note on Thursday, September 14th. Finally, Barclays PLC dropped their price target on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. Southwestern Energy has a consensus rating of “Hold” and an average target price of $11.00.

Shares of Southwestern Energy (SWN) opened at $6.45 on Friday. Southwestern Energy has a 52-week low of $4.90 and a 52-week high of $12.85. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market cap of $3,140.00, a P/E ratio of 15.52 and a beta of 1.17.

A number of large investors have recently bought and sold shares of the business. California Public Employees Retirement System grew its holdings in Southwestern Energy by 3.7% in the third quarter. California Public Employees Retirement System now owns 1,065,022 shares of the energy company’s stock worth $6,507,000 after purchasing an additional 37,522 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Southwestern Energy by 1,593.7% in the third quarter. Cubist Systematic Strategies LLC now owns 233,364 shares of the energy company’s stock worth $1,426,000 after purchasing an additional 219,586 shares during the period. Cornerstone Capital Management Holdings LLC. grew its holdings in Southwestern Energy by 784.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 930,490 shares of the energy company’s stock worth $5,684,000 after purchasing an additional 825,332 shares during the period. Castleton Investment Management LLC grew its holdings in Southwestern Energy by 107.9% in the third quarter. Castleton Investment Management LLC now owns 1,002,004 shares of the energy company’s stock worth $6,122,000 after purchasing an additional 520,000 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Southwestern Energy by 1.8% in the third quarter. Allianz Asset Management GmbH now owns 3,343,082 shares of the energy company’s stock worth $20,426,000 after purchasing an additional 60,377 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.

Southwestern Energy Company Profile

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.

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

Receive News & Ratings for Southwestern Energy Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply