Brokers Set Expectations for Southwestern Energy’s Q3 2024 Earnings (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Investment analysts at Capital One Financial decreased their Q3 2024 earnings estimates for shares of Southwestern Energy in a research note issued to investors on Tuesday, May 7th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.17. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.56 per share. Capital One Financial also issued estimates for Southwestern Energy’s FY2024 earnings at $0.61 EPS and FY2025 earnings at $1.20 EPS.

Southwestern Energy (NYSE:SWN) last released its earnings results 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). The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The business’s quarterly revenue was down 33.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share.

A number of other equities research analysts have also recently issued reports on the company. UBS Group boosted their price objective on Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Seaport Res Ptn lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Citigroup raised their price objective on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a report on Friday, January 12th. Piper Sandler reiterated a “neutral” rating and issued a $7.00 price objective (down from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Finally, Stifel Nicolaus increased their target price on Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $8.14.

Southwestern Energy Stock Up 0.5 %

SWN stock opened at $7.38 on Wednesday. The stock has a fifty day moving average of $7.31 and a 200-day moving average of $6.88. Southwestern Energy has a fifty-two week low of $4.67 and a fifty-two week high of $7.80. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of -4.24 and a beta of 1.15. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SWN. QRG Capital Management Inc. increased its stake in Southwestern Energy by 147.7% in the first quarter. QRG Capital Management Inc. now owns 75,267 shares of the energy company’s stock valued at $571,000 after acquiring an additional 44,882 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Southwestern Energy by 283.0% during the 1st quarter. Headlands Technologies LLC now owns 15,020 shares of the energy company’s stock valued at $114,000 after purchasing an additional 11,098 shares during the last quarter. Inspire Advisors LLC purchased a new position in shares of Southwestern Energy during the 1st quarter valued at about $224,000. Susquehanna Fundamental Investments LLC purchased a new stake in Southwestern Energy in the first quarter worth approximately $2,260,000. Finally, Quantbot Technologies LP purchased a new position in shares of Southwestern Energy during the first quarter worth approximately $583,000. Hedge funds and other 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.