Analysts Set Expectations for Southwestern Energy’s FY2023 Earnings (NYSE:SWN)

Southwestern Energy (NYSE:SWN) – Equities researchers at Capital One Financial cut their FY2023 earnings per share (EPS) estimates for Southwestern Energy in a report issued on Tuesday, November 14th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings per share of $0.64 for the year, down from their previous forecast of $0.69. The consensus estimate for Southwestern Energy’s current full-year earnings is $0.64 per share.

Several other equities research analysts have also recently issued reports on the stock. Wolfe Research upgraded shares of Southwestern Energy from an “underperform” rating to an “outperform” rating and set a $8.00 target price on the stock in a report on Friday, November 10th. UBS Group lifted their price objective on Southwestern Energy from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Mizuho increased their target price on Southwestern Energy from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Monday, September 18th. StockNews.com began coverage on Southwestern Energy in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus upped their price target on shares of Southwestern Energy from $7.50 to $8.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Southwestern Energy currently has an average rating of “Hold” and a consensus target price of $7.77.

Southwestern Energy Stock Performance

Shares of NYSE SWN opened at $6.73 on Friday. The firm’s 50-day moving average price is $6.69 and its 200-day moving average price is $6.12. Southwestern Energy has a 52-week low of $4.57 and a 52-week high of $7.69. The company has a market cap of $7.41 billion, a PE ratio of 1.45 and a beta of 1.39. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SWN. Parallel Advisors LLC grew its holdings in Southwestern Energy by 50.8% during the 1st quarter. Parallel Advisors LLC now owns 6,653 shares of the energy company’s stock valued at $33,000 after purchasing an additional 2,240 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new position in Southwestern Energy during the fourth quarter valued at approximately $34,000. Quintet Private Bank Europe S.A. bought a new position in shares of Southwestern Energy in the 1st quarter worth $38,000. Chilton Capital Management LLC bought a new position in Southwestern Energy in the first quarter worth about $38,000. Finally, Quantbot Technologies LP purchased a new stake in Southwestern Energy during the third quarter valued at approximately $39,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

About Southwestern Energy

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.