Southwestern Energy (NYSE:SWN) Posts Earnings Results, Misses Expectations By $0.01 EPS

Southwestern Energy (NYSE:SWN) released its quarterly earnings data on Thursday. The energy company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01), Briefing.com reports. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 8.31%. Southwestern Energy’s quarterly revenue was down 33.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS.

Southwestern Energy Trading Down 1.9 %

Shares of NYSE:SWN traded down $0.14 during mid-day trading on Friday, reaching $7.08. 22,590,598 shares of the company’s stock were exchanged, compared to its average volume of 13,220,767. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of -4.07 and a beta of 1.15. 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 has a twelve month low of $4.57 and a twelve month high of $7.80. The business’s fifty day moving average price is $7.29 and its 200-day moving average price is $6.88.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup increased their price objective on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research note on Friday, January 12th. Susquehanna raised their target price on shares of Southwestern Energy from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Stifel Nicolaus raised their target price on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. UBS Group raised their target price 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, Piper Sandler reissued a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Southwestern Energy has a consensus rating of “Hold” and a consensus price target of $8.14.

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.