$495.23 Million in Sales Expected for Southwestern Energy (NYSE:SWN) This Quarter

Wall Street analysts forecast that Southwestern Energy (NYSE:SWN) will report $495.23 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Southwestern Energy’s earnings, with the highest sales estimate coming in at $597.00 million and the lowest estimate coming in at $377.73 million. Southwestern Energy posted sales of $667.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 25.8%. The business is scheduled to announce its next quarterly earnings results on Tuesday, August 4th.

On average, analysts expect that Southwestern Energy will report full year sales of $2.43 billion for the current fiscal year, with estimates ranging from $2.16 billion to $2.70 billion. For the next financial year, analysts expect that the business will post sales of $2.90 billion, with estimates ranging from $2.60 billion to $3.22 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Southwestern Energy.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, April 30th. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The business had revenue of $592.00 million for the quarter, compared to the consensus estimate of $659.76 million. Southwestern Energy had a negative net margin of 47.35% and a positive return on equity of 8.56%. The firm’s quarterly revenue was down 40.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS.

Several brokerages recently issued reports on SWN. MKM Partners upped their price target on shares of Southwestern Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. TheStreet downgraded shares of Southwestern Energy from a “c” rating to a “d” rating in a research report on Thursday, April 30th. Citigroup upped their price target on shares of Southwestern Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. SunTrust Banks upped their target price on shares of Southwestern Energy from $1.00 to $3.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Co restated an “underweight” rating and set a $3.50 target price on shares of Southwestern Energy in a research report on Thursday. Six research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $2.93.

Several large investors have recently made changes to their positions in the stock. Two Sigma Securities LLC raised its position in shares of Southwestern Energy by 10.9% in the 1st quarter. Two Sigma Securities LLC now owns 37,586 shares of the energy company’s stock valued at $64,000 after acquiring an additional 3,705 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Southwestern Energy by 21.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 23,574 shares of the energy company’s stock valued at $40,000 after acquiring an additional 4,193 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Southwestern Energy by 3.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 150,833 shares of the energy company’s stock valued at $254,000 after acquiring an additional 5,500 shares during the period. Alliancebernstein L.P. raised its position in shares of Southwestern Energy by 0.8% in the 1st quarter. Alliancebernstein L.P. now owns 921,972 shares of the energy company’s stock valued at $1,558,000 after acquiring an additional 6,927 shares during the period. Finally, Ironwood Investment Management LLC raised its position in shares of Southwestern Energy by 6.8% in the 1st quarter. Ironwood Investment Management LLC now owns 111,833 shares of the energy company’s stock valued at $189,000 after acquiring an additional 7,133 shares during the period.

NYSE SWN traded down $0.11 on Friday, hitting $2.40. 17,340,859 shares of the company were exchanged, compared to its average volume of 17,422,134. The firm has a 50 day moving average of $3.04 and a two-hundred day moving average of $2.28. The company has a market cap of $1.30 billion, a P/E ratio of -1.04 and a beta of 1.55. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.41. Southwestern Energy has a 1-year low of $1.06 and a 1-year high of $3.90.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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