Q3 2024 EPS Estimates for Southwestern Energy Boosted by Analyst (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Analysts at Zacks Research boosted their Q3 2024 earnings per share estimates for shares of Southwestern Energy in a research note issued on Thursday, August 22nd. Zacks Research analyst R. Department now anticipates that the energy company will post earnings of $0.13 per share for the quarter, up from their prior estimate of $0.11. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.60 per share. Zacks Research also issued estimates for Southwestern Energy’s Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.56 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.18 EPS, FY2025 earnings at $1.02 EPS, Q1 2026 earnings at $0.19 EPS and Q2 2026 earnings at $0.42 EPS.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the firm earned $0.09 EPS. Southwestern Energy’s revenue was down 14.7% on a year-over-year basis.

SWN has been the subject of a number of other research reports. Susquehanna lowered their target price on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Monday, August 19th. Wolfe Research initiated coverage on Southwestern Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Piper Sandler lowered their target price on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. StockNews.com initiated coverage on Southwestern Energy in a report on Sunday, August 18th. They issued a “hold” rating for the company. Finally, Scotiabank lowered their target price on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Southwestern Energy presently has a consensus rating of “Hold” and a consensus price target of $8.50.

Southwestern Energy Price Performance

Shares of SWN opened at $6.29 on Monday. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80. The business has a 50-day simple moving average of $6.55 and a two-hundred day simple moving average of $6.98. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The stock has a market cap of $6.94 billion, a PE ratio of -3.61 and a beta of 1.17.

Institutional Investors Weigh In On Southwestern Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Rise Advisors LLC bought a new stake in shares of Southwestern Energy during the 1st quarter valued at about $25,000. Pingora Partners LLC bought a new stake in shares of Southwestern Energy during the 4th quarter valued at about $30,000. Parkside Financial Bank & Trust boosted its position in shares of Southwestern Energy by 481.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after purchasing an additional 3,854 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Southwestern Energy in the first quarter worth approximately $43,000. Finally, Larson Financial Group LLC boosted its holdings in Southwestern Energy by 4,752.1% in the second quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock worth $40,000 after acquiring an additional 5,750 shares in the last quarter. 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.