Q3 2024 Earnings Forecast for Southwestern Energy Issued By Capital One Financial (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Research analysts at Capital One Financial boosted their Q3 2024 earnings per share estimates for Southwestern Energy in a research note issued to investors on Thursday, August 15th. Capital One Financial analyst B. Velie now expects that the energy company will post earnings per share of $0.23 for the quarter, up from their previous estimate of $0.19. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.60 per share. Capital One Financial also issued estimates for Southwestern Energy’s Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $0.68 EPS, Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.33 EPS, FY2025 earnings at $1.28 EPS and FY2026 earnings at $1.51 EPS.

Several other research analysts have also commented on SWN. Scotiabank cut their price objective on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Mizuho increased their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. StockNews.com started coverage on shares of Southwestern Energy in a research report on Sunday. They set a “hold” rating on the stock. Stifel Nicolaus raised their price target on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Finally, Wolfe Research assumed coverage on shares of Southwestern Energy in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.27.

Southwestern Energy Price Performance

Shares of Southwestern Energy stock opened at $6.29 on Monday. The business’s fifty day moving average price is $6.60 and its 200 day moving average price is $6.99. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $6.93 billion, a P/E ratio of -3.61 and a beta of 1.17.

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

Hedge Funds Weigh In On Southwestern Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Southwestern Energy by 21.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock valued at $329,276,000 after buying an additional 8,741,562 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Southwestern Energy by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after buying an additional 4,968,002 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Southwestern Energy by 97.0% in the second quarter. Millennium Management LLC now owns 24,923,413 shares of the energy company’s stock valued at $167,735,000 after buying an additional 12,270,110 shares during the period. Kopernik Global Investors LLC grew its position in Southwestern Energy by 0.7% during the fourth quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock worth $137,598,000 after buying an additional 143,007 shares in the last quarter. Finally, Magnetar Financial LLC increased its stake in Southwestern Energy by 3,468.3% during the first quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock valued at $93,691,000 after acquiring an additional 12,013,898 shares during the period. 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.