Southwestern Energy (NYSE:SWN) Issues Earnings Results

Southwestern Energy (NYSE:SWN) announced its earnings results on Thursday. The energy company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01), Briefing.com reports. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations 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 firm posted $0.31 earnings per share.

Southwestern Energy Price Performance

Shares of SWN stock traded down $0.14 during trading hours on Friday, hitting $7.08. The stock had a trading volume of 22,590,598 shares, compared to its average volume of 13,220,767. Southwestern Energy has a one year low of $4.57 and a one year high of $7.80. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s 50-day moving average price is $7.29 and its two-hundred day moving average price is $6.88. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of -4.07 and a beta of 1.15.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SWN. UBS Group boosted 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. StockNews.com began coverage on Southwestern Energy in a research note on Sunday, April 28th. They issued a “hold” rating for the company. Stifel Nicolaus upped their price objective on Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Piper Sandler restated a “neutral” rating and issued a $7.00 price objective (down from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Finally, Scotiabank lowered Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $9.00 to $9.50 in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.14.

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.