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

Southwestern Energy (NYSE:SWNFree Report) – Equities research analysts at Seaport Res Ptn lifted their Q3 2024 earnings per share estimates for shares of Southwestern Energy in a report released on Tuesday, March 19th. Seaport Res Ptn analyst N. Pope now anticipates that the energy company will earn $0.16 per share for the quarter, up from their prior forecast of $0.15. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.71 per share. Seaport Res Ptn also issued estimates for Southwestern Energy’s Q4 2024 earnings at $0.20 EPS, FY2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.20 EPS and FY2025 earnings at $0.89 EPS.

SWN has been the subject of a number of other reports. Mizuho upgraded Southwestern Energy from an “underperform” rating to a “neutral” rating and upped their target price for the company from $6.00 to $9.00 in a research report on Monday, February 26th. Citigroup increased their price objective on Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a report on Friday, January 12th. Stifel Nicolaus restated a “hold” rating and set a $6.60 price target (down from $8.50) on shares of Southwestern Energy in a research report on Tuesday, January 23rd. UBS Group upped their price objective on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Finally, JPMorgan Chase & Co. upgraded Southwestern Energy from an “underweight” rating to a “neutral” rating and upped their target price for the company from $7.00 to $8.50 in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Southwestern Energy currently has a consensus rating of “Hold” and an average price target of $7.86.

Read Our Latest Stock Analysis on Southwestern Energy

Southwestern Energy Stock Performance

SWN stock remained flat at $7.32 during midday trading on Thursday. The company’s stock had a trading volume of 1,573,073 shares, compared to its average volume of 18,772,336. The company has a market cap of $8.06 billion, a P/E ratio of 5.19 and a beta of 1.12. Southwestern Energy has a 52-week low of $4.57 and a 52-week high of $7.69. The stock’s 50 day moving average is $6.73 and its two-hundred day moving average is $6.66. 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 (NYSE:SWNGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The company’s quarterly revenue was down 49.9% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS.

Institutional Trading of Southwestern Energy

Hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC grew its position in shares of Southwestern Energy by 30.2% in the fourth 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. Creative Planning lifted its stake in shares of Southwestern Energy by 2.0% in the fourth quarter. Creative Planning now owns 81,202 shares of the energy company’s stock worth $532,000 after acquiring an additional 1,592 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Southwestern Energy by 7.2% in the first quarter. D.A. Davidson & CO. now owns 24,715 shares of the energy company’s stock worth $177,000 after acquiring an additional 1,668 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Southwestern Energy by 0.5% in the third quarter. Teacher Retirement System of Texas now owns 352,696 shares of the energy company’s stock worth $2,275,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Southwestern Energy by 12.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 17,512 shares of the energy company’s stock worth $107,000 after acquiring an additional 1,994 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

About Southwestern Energy

(Get Free Report)

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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