Q1 2024 EPS Estimates for Southwestern Energy (NYSE:SWN) Reduced by Analyst

Southwestern Energy (NYSE:SWN) – Zacks Research reduced their Q1 2024 earnings estimates for shares of Southwestern Energy in a note issued to investors on Tuesday, April 16th. Zacks Research analyst R. Department now forecasts that the energy company will earn $0.11 per share for the quarter, down from their prior forecast of $0.12. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.61 per share. Zacks Research also issued estimates for Southwestern Energy’s Q2 2024 earnings at $0.09 EPS, Q3 2024 earnings at $0.13 EPS, Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.53 EPS, Q3 2025 earnings at $0.15 EPS and FY2026 earnings at $1.83 EPS.

Several other analysts also recently commented on the company. Citigroup increased their price objective on Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research note on Friday, January 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $6.60 price objective (down from $8.50) on shares of Southwestern Energy in a report on Tuesday, January 23rd. Seaport Res Ptn lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Susquehanna raised their price target on shares of Southwestern Energy from $6.50 to $7.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Finally, Mizuho raised shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $6.00 to $9.00 in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.11.

Southwestern Energy Price Performance

Shares of NYSE SWN opened at $7.28 on Wednesday. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 5.16 and a beta of 1.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.82 and a current ratio of 0.82. Southwestern Energy has a fifty-two week low of $4.57 and a fifty-two week high of $7.69. The firm’s 50-day simple moving average is $7.12 and its 200 day simple moving average is $6.81.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $0.26 EPS. Southwestern Energy’s quarterly revenue was down 49.9% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Southwestern Energy by 7.9% during the first quarter. Vanguard Group Inc. now owns 128,222,158 shares of the energy company’s stock worth $919,352,000 after buying an additional 9,410,861 shares in the last quarter. State Street Corp increased its position in shares of Southwestern Energy by 21.5% in the first quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock worth $401,047,000 after purchasing an additional 9,882,224 shares during the last quarter. FMR LLC lifted its position in Southwestern Energy by 32.3% during the third quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock valued at $256,613,000 after purchasing an additional 9,709,483 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Southwestern Energy by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock worth $192,133,000 after buying an additional 1,924,108 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Southwestern Energy by 61.6% in the 1st quarter. Renaissance Technologies LLC now owns 25,513,925 shares of the energy company’s stock worth $127,570,000 after buying an additional 9,729,900 shares during the last quarter. 86.97% of the stock is owned by institutional investors.

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.