Zacks: Analysts Anticipate Southwestern Energy (NYSE:SWN) Will Announce Quarterly Sales of $755.42 Million

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Equities research analysts expect Southwestern Energy (NYSE:SWN) to announce sales of $755.42 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Southwestern Energy’s earnings. The lowest sales estimate is $584.20 million and the highest is $877.72 million. Southwestern Energy posted sales of $816.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 7.4%. The business is scheduled to report its next earnings report after the market closes on Tuesday, August 6th.

According to Zacks, analysts expect that Southwestern Energy will report full year sales of $3.53 billion for the current financial year, with estimates ranging from $2.96 billion to $3.82 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.52 billion, with estimates ranging from $2.89 billion to $4.13 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Southwestern Energy.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, April 25th. The energy company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The business had revenue of $990.00 million during the quarter, compared to the consensus estimate of $563.69 million. Southwestern Energy had a net margin of 23.47% and a return on equity of 23.46%. Southwestern Energy’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS.

Several analysts recently issued reports on the stock. Morgan Stanley set a $23.00 price objective on shares of Cabot Oil & Gas and gave the stock a “hold” rating in a report on Monday, June 24th. Credit Suisse Group raised shares of Laredo Petroleum from an “underperform” rating to a “neutral” rating and set a $2.83 price objective for the company in a report on Tuesday, July 9th. They noted that the move was a valuation call. Wolfe Research downgraded shares of Southwestern Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, April 18th. B. Riley set a $2.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a report on Friday, May 17th. Finally, Oppenheimer assumed coverage on shares of Southwestern Energy in a report on Thursday, June 6th. They set a “market perform” rating for the company. Six analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $5.35.

Shares of NYSE SWN traded down $0.13 during trading hours on Friday, hitting $2.41. 483,998 shares of the stock were exchanged, compared to its average volume of 17,783,684. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $3.18. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 2.38, a P/E/G ratio of 0.42 and a beta of 1.06. Southwestern Energy has a one year low of $2.49 and a one year high of $6.23.

Several large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Southwestern Energy by 5.6% during the 1st quarter. FMR LLC now owns 82,398,453 shares of the energy company’s stock worth $386,448,000 after acquiring an additional 4,393,227 shares during the period. BlackRock Inc. lifted its holdings in shares of Southwestern Energy by 2.6% during the 4th quarter. BlackRock Inc. now owns 69,664,476 shares of the energy company’s stock worth $237,557,000 after acquiring an additional 1,762,041 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Southwestern Energy by 15.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,097,406 shares of the energy company’s stock worth $102,636,000 after acquiring an additional 4,004,463 shares during the period. Norges Bank bought a new position in shares of Southwestern Energy during the 4th quarter worth about $29,967,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Southwestern Energy by 8.4% during the 4th quarter. Bank of New York Mellon Corp now owns 8,587,350 shares of the energy company’s stock worth $29,283,000 after acquiring an additional 663,887 shares during the period. 94.63% of the stock is owned by institutional investors.

About Southwestern Energy

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 development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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