Southwestern Energy (SWN) Expected to Post Quarterly Sales of $862.31 Million

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Wall Street brokerages forecast that Southwestern Energy (NYSE:SWN) will announce $862.31 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Southwestern Energy’s earnings. The lowest sales estimate is $815.00 million and the highest is $895.10 million. Southwestern Energy reported sales of $737.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 17%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that Southwestern Energy will report full-year sales of $3.52 billion for the current fiscal year, with estimates ranging from $3.45 billion to $3.62 billion. For the next fiscal year, analysts expect that the business will post sales of $2.38 billion, with estimates ranging from $2.02 billion to $2.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Southwestern Energy.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Southwestern Energy had a return on equity of 17.78% and a net margin of 18.37%. The business had revenue of $816.00 million during the quarter, compared to analyst estimates of $809.41 million. During the same period in the prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year.

SWN has been the subject of a number of recent analyst reports. B. Riley increased their price objective on Southwestern Energy from $7.85 to $10.00 and gave the stock a “buy” rating in a report on Friday, June 22nd. Zacks Investment Research raised Southwestern Energy from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Tuesday, July 17th. ValuEngine raised Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, July 28th. Scotiabank set a $7.00 price objective on Southwestern Energy and gave the stock a “hold” rating in a report on Monday, August 6th. Finally, BMO Capital Markets set a $7.00 price objective on Southwestern Energy and gave the stock a “buy” rating in a report on Sunday, August 12th. Seven analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. Southwestern Energy currently has a consensus rating of “Hold” and a consensus price target of $5.72.

SWN stock traded up $0.02 on Wednesday, reaching $5.34. The company’s stock had a trading volume of 19,162,705 shares, compared to its average volume of 20,195,604. Southwestern Energy has a 52 week low of $3.42 and a 52 week high of $6.72. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 12.14 and a beta of 0.87. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.66.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWN. BlackRock Inc. lifted its position in Southwestern Energy by 34.5% in the second quarter. BlackRock Inc. now owns 61,871,297 shares of the energy company’s stock worth $327,918,000 after purchasing an additional 15,866,736 shares during the period. Dimensional Fund Advisors LP lifted its position in Southwestern Energy by 103.7% in the second quarter. Dimensional Fund Advisors LP now owns 14,598,144 shares of the energy company’s stock worth $77,371,000 after purchasing an additional 7,430,243 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in Southwestern Energy by 81.5% in the first quarter. Disciplined Growth Investors Inc. MN now owns 12,487,570 shares of the energy company’s stock worth $54,071,000 after purchasing an additional 5,608,144 shares during the period. Northern Trust Corp lifted its position in Southwestern Energy by 98.8% in the second quarter. Northern Trust Corp now owns 8,793,237 shares of the energy company’s stock worth $46,606,000 after purchasing an additional 4,369,474 shares during the period. Finally, Stelliam Investment Management LP lifted its position in Southwestern Energy by 15.6% in the second quarter. Stelliam Investment Management LP now owns 29,450,000 shares of the energy company’s stock worth $156,085,000 after purchasing an additional 3,972,500 shares during the period. Hedge funds and other institutional investors own 90.80% of the company’s stock.

Southwestern Energy Company Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.

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