Southwestern Energy Forecasted to Post Q3 2024 Earnings of $0.11 Per Share (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Analysts at Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for shares of Southwestern Energy in a research report issued to clients and investors on Monday, June 24th. Zacks Research analyst R. Department now anticipates that the energy company will earn $0.11 per share for the quarter, up from their prior forecast of $0.10. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.59 per share. Zacks Research also issued estimates for Southwestern Energy’s FY2024 earnings at $0.50 EPS and Q2 2025 earnings at $0.15 EPS.

SWN has been the topic of a number of other research reports. Piper Sandler restated a “neutral” rating and issued a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. StockNews.com started coverage on Southwestern Energy in a report on Sunday. They issued a “hold” rating on the stock. Stifel Nicolaus upped their price objective on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Scotiabank lowered Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the company from $9.00 to $9.50 in a report on Thursday, April 11th. Finally, Susquehanna raised their price target on shares of Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.25.

Southwestern Energy Trading Down 1.0 %

SWN opened at $6.75 on Thursday. Southwestern Energy has a 1-year low of $5.49 and a 1-year high of $7.80. The stock’s fifty day simple moving average is $7.27 and its 200 day simple moving average is $6.99. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned $0.31 EPS. The company’s revenue for the quarter was down 33.1% on a year-over-year basis.

Institutional Investors Weigh In On Southwestern Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Southwestern Energy during the first quarter worth $25,000. Parkside Financial Bank & Trust grew its holdings in Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after buying an additional 3,854 shares in the last quarter. Pingora Partners LLC bought a new stake in Southwestern Energy during the fourth quarter worth $30,000. Fidelis Capital Partners LLC bought a new position in Southwestern Energy in the 1st quarter valued at $43,000. Finally, Lindbrook Capital LLC grew its stake in Southwestern Energy by 30.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,564 shares during the period. Institutional investors own 86.97% 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, 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.