Southwestern Energy (NYSE:SWN) Posts Quarterly Earnings Results

Southwestern Energy (NYSE:SWN) issued its quarterly earnings results on Thursday. The energy company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01), Briefing.com reports. The firm 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%. The firm’s quarterly revenue was down 33.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS.

Southwestern Energy Price Performance

Shares of Southwestern Energy stock traded down $0.14 during trading on Friday, reaching $7.08. 22,590,598 shares of the stock traded hands, compared to its average volume of 13,220,767. 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 company has a market capitalization of $7.81 billion, a price-to-earnings ratio of -4.07 and a beta of 1.15. Southwestern Energy has a 52-week low of $4.57 and a 52-week high of $7.80. The business has a fifty day simple moving average of $7.29 and a two-hundred day simple moving average of $6.88.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SWN shares. Citigroup upped their price target on Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a research report on Friday, January 12th. StockNews.com initiated coverage on Southwestern Energy in a research report on Sunday, April 28th. They set a “hold” rating for the company. Piper Sandler reaffirmed a “neutral” rating and issued a $7.00 target price (down from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Scotiabank cut shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $9.00 to $9.50 in a research note on Thursday, April 11th. Finally, Mizuho upgraded shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $6.00 to $9.00 in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.14.

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.