Seaport Res Ptn Comments on Southwestern Energy’s Q2 2022 Earnings (NYSE:SWN)

Southwestern Energy (NYSE:SWNGet Rating) – Research analysts at Seaport Res Ptn reduced their Q2 2022 earnings per share (EPS) estimates for Southwestern Energy in a report issued on Tuesday, April 19th. Seaport Res Ptn analyst N. Pope now anticipates that the energy company will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.38. Seaport Res Ptn has a “Buy” rating on the stock. Seaport Res Ptn also issued estimates for Southwestern Energy’s Q3 2022 earnings at $0.31 EPS, Q4 2022 earnings at $0.35 EPS and FY2022 earnings at $1.32 EPS.

Several other research firms have also recently commented on SWN. StockNews.com began coverage on shares of Southwestern Energy in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Truist Financial upped their price objective on Southwestern Energy from $5.00 to $9.00 in a research note on Thursday. Raymond James lifted their price target on Southwestern Energy from $7.00 to $9.00 and gave the stock an “outperform” rating in a report on Monday, March 28th. Bank of America raised Southwestern Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $5.00 to $9.00 in a report on Tuesday, March 8th. Finally, Mizuho boosted their price objective on shares of Southwestern Energy from $7.00 to $13.00 and gave the company a “buy” rating in a report on Friday, April 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.11.

Southwestern Energy stock opened at $7.43 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $8.29 billion, a P/E ratio of -8.96 and a beta of 1.19. The business has a 50-day moving average of $6.19 and a 200-day moving average of $5.30. Southwestern Energy has a 1 year low of $3.81 and a 1 year high of $8.68.

Southwestern Energy (NYSE:SWNGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The energy company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Southwestern Energy had a negative net margin of 0.37% and a positive return on equity of 117.50%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the business posted $0.18 earnings per share. Southwestern Energy’s revenue was up 278.3% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in SWN. Los Angeles Capital Management LLC increased its position in shares of Southwestern Energy by 33.2% in the third quarter. Los Angeles Capital Management LLC now owns 341,599 shares of the energy company’s stock worth $1,892,000 after purchasing an additional 85,141 shares during the last quarter. Bank of New York Mellon Corp grew its position in Southwestern Energy by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 7,041,253 shares of the energy company’s stock worth $39,009,000 after acquiring an additional 247,780 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Southwestern Energy by 12.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 119,558 shares of the energy company’s stock valued at $526,000 after acquiring an additional 13,500 shares during the last quarter. Allianz Asset Management GmbH raised its position in Southwestern Energy by 80.3% during the third quarter. Allianz Asset Management GmbH now owns 5,495,184 shares of the energy company’s stock valued at $30,444,000 after purchasing an additional 2,448,048 shares in the last quarter. Finally, Veriti Management LLC lifted its stake in Southwestern Energy by 65.1% during the fourth quarter. Veriti Management LLC now owns 40,930 shares of the energy company’s stock worth $191,000 after purchasing an additional 16,143 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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

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