Q3 2020 Earnings Estimate for Southwestern Energy (NYSE:SWN) Issued By Capital One Financial

Southwestern Energy (NYSE:SWN) – Investment analysts at Capital One Financial lifted their Q3 2020 earnings per share (EPS) estimates for shares of Southwestern Energy in a note issued to investors on Wednesday, June 24th. Capital One Financial analyst B. Velie now expects that the energy company will post earnings of $0.06 per share for the quarter, up from their previous forecast of $0.04. Capital One Financial also issued estimates for Southwestern Energy’s FY2021 earnings at $0.58 EPS.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, April 30th. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $592.00 million during the quarter, compared to analyst estimates of $659.76 million. Southwestern Energy had a positive return on equity of 8.56% and a negative net margin of 47.35%. Southwestern Energy’s quarterly revenue was down 40.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS.

Other equities research analysts also recently issued reports about the company. Citigroup lifted their price objective on Southwestern Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. MKM Partners lifted their price objective on Southwestern Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Royal Bank of Canada lifted their price objective on Southwestern Energy from $3.00 to $3.50 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Stifel Nicolaus lifted their price objective on Southwestern Energy from $1.50 to $1.60 and gave the stock a “hold” rating in a report on Monday, April 20th. Finally, TheStreet downgraded Southwestern Energy from a “c” rating to a “d” rating in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Southwestern Energy has an average rating of “Hold” and a consensus price target of $2.93.

SWN opened at $2.53 on Monday. Southwestern Energy has a 1 year low of $1.06 and a 1 year high of $3.90. The stock has a 50-day moving average price of $2.98 and a 200-day moving average price of $2.28. The firm has a market cap of $1.30 billion, a PE ratio of -1.10 and a beta of 1.56. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 1.06.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Southwestern Energy by 0.4% during the 1st quarter. BlackRock Inc. now owns 84,324,244 shares of the energy company’s stock valued at $142,508,000 after purchasing an additional 367,390 shares during the period. State Street Corp grew its stake in shares of Southwestern Energy by 29.8% during the 1st quarter. State Street Corp now owns 56,233,635 shares of the energy company’s stock valued at $95,035,000 after purchasing an additional 12,904,286 shares during the period. Kopernik Global Investors LLC grew its stake in shares of Southwestern Energy by 39.8% during the 1st quarter. Kopernik Global Investors LLC now owns 27,801,608 shares of the energy company’s stock valued at $46,985,000 after purchasing an additional 7,908,826 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in shares of Southwestern Energy by 58.2% during the 1st quarter. Disciplined Growth Investors Inc. MN now owns 26,519,679 shares of the energy company’s stock valued at $44,818,000 after purchasing an additional 9,756,747 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Southwestern Energy by 38.1% during the 1st quarter. Russell Investments Group Ltd. now owns 20,782,263 shares of the energy company’s stock valued at $35,101,000 after acquiring an additional 5,728,479 shares during the period.

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

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