Southwestern Energy (NYSE:SWN – Get Rating) – Analysts at Capital One Financial issued their FY2024 earnings per share (EPS) estimates for Southwestern Energy in a research report issued to clients and investors on Wednesday, June 22nd. Capital One Financial analyst B. Velie forecasts that the energy company will post earnings per share of $3.23 for the year. The consensus estimate for Southwestern Energy’s current full-year earnings is $1.54 per share.
Southwestern Energy (NYSE:SWN – Get Rating) last announced its earnings results on Thursday, April 28th. The energy company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Southwestern Energy had a positive return on equity of 203.77% and a negative net margin of 32.56%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 174.5% compared to the same quarter last year.
A number of other analysts have also issued reports on the company. Benchmark raised Southwestern Energy from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, June 15th. Mizuho boosted their price objective on Southwestern Energy from $7.00 to $13.00 and gave the company a “buy” rating in a report on Friday, April 8th. Susquehanna Bancshares boosted their price objective on Southwestern Energy from $7.00 to $9.00 and gave the company a “positive” rating in a report on Monday, April 25th. Piper Sandler boosted their price objective on Southwestern Energy to $13.00 in a report on Friday, June 3rd. Finally, Truist Financial boosted their price objective on Southwestern Energy from $5.00 to $9.00 in a report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.00.
Shares of NYSE SWN opened at $7.01 on Friday. Southwestern Energy has a 1 year low of $3.81 and a 1 year high of $9.87. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of -2.09 and a beta of 1.07. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.22 and a current ratio of 0.22. The stock’s 50-day simple moving average is $7.79 and its 200-day simple moving average is $6.18.
Several hedge funds and other institutional investors have recently modified their holdings of SWN. Counterpoint Mutual Funds LLC acquired a new position in shares of Southwestern Energy during the first quarter worth approximately $25,000. FinTrust Capital Advisors LLC acquired a new position in shares of Southwestern Energy during the third quarter worth approximately $28,000. Chilton Capital Management LLC acquired a new position in shares of Southwestern Energy during the fourth quarter worth approximately $35,000. JNBA Financial Advisors acquired a new position in shares of Southwestern Energy during the fourth quarter worth approximately $38,000. Finally, Lindbrook Capital LLC boosted its position in shares of Southwestern Energy by 28.1% during the first quarter. Lindbrook Capital LLC now owns 5,723 shares of the energy company’s stock worth $41,000 after buying an additional 1,254 shares during the period. Institutional investors and hedge funds own 85.77% of the company’s stock.
Southwestern Energy announced that its board has authorized a share repurchase program on Tuesday, June 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the energy company to purchase up to 13.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
About Southwestern Energy (Get Rating)
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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Source: defenseworld.net