Southwestern Energy (NYSE:SWN) Issues Earnings Results

Southwestern Energy (NYSE:SWN) issued its quarterly earnings results on Thursday. The energy company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01, Briefing.com reports. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a positive return on equity of 9.68% and a negative net margin of 48.91%. The company’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share.

Southwestern Energy Price Performance

Shares of Southwestern Energy stock traded down $0.23 during trading hours on Friday, reaching $6.10. The stock had a trading volume of 45,301,269 shares, compared to its average volume of 23,902,908. The stock’s 50 day moving average is $6.88 and its 200 day moving average is $7.00. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.83. Southwestern Energy has a twelve month low of $5.93 and a twelve month high of $7.80. The firm has a market capitalization of $6.73 billion, a PE ratio of -3.51 and a beta of 1.17.

Wall Street Analyst Weigh In

SWN has been the topic of a number of recent analyst reports. Piper Sandler restated a “neutral” rating and set a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Scotiabank lowered Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $9.00 to $9.50 in a research note on Thursday, April 11th. Susquehanna dropped their price target on Southwestern Energy from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Wolfe Research began coverage on Southwestern Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Stifel Nicolaus upped their target price on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.42.

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.