Seaport Res Ptn analysts raise earnings estimates for Southwestern Energy (NYSE:SWN)

Southwestern Energy (NYSE:SWN – Get Rating) – Seaport Res Ptn raised its earnings per share (EPS) estimates for the third quarter of 2022 for shares of Southwestern Energy in a research note released Thursday, August 4. Seaport Res Ptn analyst N. Pope now expects the energy company to earn $0.40 per share for the quarter, up from its previous estimate of $0.31. The consensus estimate for Southwestern Energy’s current annual earnings is $1.41 per share. Seaport Res Ptn also released estimates for Southwestern Energy’s fourth quarter 2022 earnings at $0.44 EPS.

Southwestern Energy (NYSE:SWN – Get Rating) last released its quarterly results on Thursday, August 4. The energy company reported earnings per share (EPS) of $0.33 for the quarter, missing analyst consensus estimates of $0.35 per ($0.02). The company posted revenue of $4.14 billion for the quarter, versus a consensus estimate of $1.87 billion. Southwestern Energy posted a negative net margin of 8.58% and a positive return on equity of 185.01%. The company’s revenues increased by 294.1% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.19.

Several other research companies have also recently commented on SWN. Bank of America upgraded Southwestern Energy from a “neutral” rating to a “buy” rating and raised its price target for the company from $11.00 to $13.00 in a Tuesday, July 19 research report. Scotiabank upgraded Southwestern Energy from an ‘sector performer’ rating to an ‘sector outperformer’ rating and set a target price of $9.50 for the stock in a Monday, July 25 research note . Benchmark moved Southwestern Energy from a “hold” rating to a “buy” rating and set a target price of $14.00 for the company in a Wednesday, June 15 report. Mizuho lowered its price target on Southwestern Energy from $13.00 to $11.00 and set a “buy” rating for the company in a Tuesday, July 19 report. Finally, the Goldman Sachs Group lowered its price target on Southwestern Energy from $9.50 to $7.50 and set a “neutral” rating for the company in a Tuesday, July 5 report. One analyst assigned the stock a sell rating, seven issued a hold rating and eleven issued a buy rating to the company’s stock. According to data from MarketBeat, Southwestern Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.35.

South West Energy Price Performance

Shares of Southwestern Energy opened at $6.83 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt ratio of 2.04. The company has a market capitalization of $7.62 billion, a PE ratio of -4.88 and a beta of 1.23. The company has a 50-day moving average of $7.22 and a 200-day moving average of $6.57. Southwestern Energy has a 52-week low of $3.81 and a 52-week high of $9.87.

Southwestern Energy said its board launched a stock repurchase program on Tuesday, June 21 that allows the company to repurchase $1.00 billion of outstanding stock. This buyback authorization authorizes the energy company to buy back up to 13.1% of its shares through purchases on the open market. Stock buyback programs usually indicate that the management of the company believes that its shares are undervalued.

Southwestern Energy Institutional Trading

Several hedge funds have recently changed their stock holdings. Aaron Wealth Advisors LLC acquired a new stake in Southwestern Energy in the first quarter worth $356,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Southwestern Energy during the first quarter worth approximately $25,000. Lindbrook Capital LLC increased its position in Southwestern Energy shares by 28.1% during the first quarter. Lindbrook Capital LLC now owns 5,723 shares of the energy company worth $41,000 after buying an additional 1,254 shares last quarter. Chilton Capital Management LLC acquired a new stake in shares of Southwestern Energy during the fourth quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Southwestern Energy during the first quarter worth approximately $56,000. 85.77% of the shares are currently held by institutional investors and hedge funds.

Southwest Energy Company Profile

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Southwestern Energy Company, an independent energy company, is engaged 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 is focused on the development of natural gas and unconventional oil reservoirs located in Pennsylvania, West Virginia, Ohio and Louisiana.

See also

Earnings history and estimates for Southwestern Energy (NYSE:SWN)

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