Zacks: Analysts Anticipate Southwestern Energy (NYSE:SWN) Will Announce Quarterly Sales of $495.23 Million

Equities research analysts forecast that Southwestern Energy (NYSE:SWN) will report sales of $495.23 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Southwestern Energy’s earnings, with estimates ranging from $377.73 million to $597.00 million. Southwestern Energy reported sales of $667.00 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 25.8%. The company is expected to issue its next quarterly earnings report on Tuesday, August 4th.

According to Zacks, 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 fiscal year, analysts expect that the firm will post sales of $2.90 billion, with estimates ranging from $2.60 billion to $3.22 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Southwestern Energy.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, April 30th. The energy company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The business had revenue of $592.00 million during 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 company’s quarterly revenue was down 40.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Southwestern Energy from $1.50 to $1.60 and gave the stock a “hold” rating in a research report on Monday, April 20th. Bank of America lifted their price objective on shares of Southwestern Energy from $0.55 to $1.70 and gave the stock an “underperform” rating in a research report on Monday, April 20th. UBS Group lifted their price objective on shares of Southwestern Energy from $1.80 to $1.90 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. Wells Fargo & Co reaffirmed an “underweight” rating and set a $3.50 price objective on shares of Southwestern Energy in a research report on Thursday. Finally, Citigroup lifted their price objective 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. Six investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Southwestern Energy currently 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 company. BlackRock Inc. raised its holdings in shares of Southwestern Energy by 0.4% in the first quarter. BlackRock Inc. now owns 84,324,244 shares of the energy company’s stock valued at $142,508,000 after buying an additional 367,390 shares during the last quarter. State Street Corp raised its holdings in shares of Southwestern Energy by 29.8% in the first quarter. State Street Corp now owns 56,233,635 shares of the energy company’s stock valued at $95,035,000 after buying an additional 12,904,286 shares during the last quarter. Kopernik Global Investors LLC raised its holdings in shares of Southwestern Energy by 39.8% in the first quarter. Kopernik Global Investors LLC now owns 27,801,608 shares of the energy company’s stock valued at $46,985,000 after buying an additional 7,908,826 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Southwestern Energy by 58.2% in the first quarter. Disciplined Growth Investors Inc. MN now owns 26,519,679 shares of the energy company’s stock valued at $44,818,000 after buying an additional 9,756,747 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Southwestern Energy by 38.1% in the first quarter. Russell Investments Group Ltd. now owns 20,782,263 shares of the energy company’s stock valued at $35,101,000 after buying an additional 5,728,479 shares during the last quarter.

Shares of Southwestern Energy stock traded down $0.11 during trading on Friday, hitting $2.40. 17,340,859 shares of the stock were exchanged, compared to its average volume of 17,422,134. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -1.04 and a beta of 1.55. The firm’s 50-day moving average price is $3.04 and its 200 day moving average price is $2.28. Southwestern Energy has a 12-month low of $1.06 and a 12-month high of $3.90. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 1.06.

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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