Southwestern Energy (NYSE:SWN) – B. Riley upped their Q2 2020 EPS estimates for Southwestern Energy in a note issued to investors on Wednesday, November 21st. B. Riley analyst R. Rashid now anticipates that the energy company will post earnings of $0.47 per share for the quarter, up from their previous estimate of $0.44.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, October 25th. The energy company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $951.00 million for the quarter, compared to analyst estimates of $889.13 million. Southwestern Energy had a return on equity of 22.07% and a net margin of 14.22%.
Shares of Southwestern Energy stock opened at $5.13 on Thursday. The firm has a market cap of $3.05 billion, a P/E ratio of 11.66 and a beta of 0.65. Southwestern Energy has a 12 month low of $3.42 and a 12 month high of $6.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.69 and a current ratio of 0.69.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Southwestern Energy by 9.7% in the third quarter. BlackRock Inc. now owns 67,902,435 shares of the energy company’s stock valued at $346,981,000 after purchasing an additional 6,031,138 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Southwestern Energy by 3.6% in the third quarter. Vanguard Group Inc. now owns 52,941,545 shares of the energy company’s stock valued at $270,531,000 after purchasing an additional 1,820,729 shares in the last quarter. FMR LLC grew its position in shares of Southwestern Energy by 216.5% in the third quarter. FMR LLC now owns 49,012,660 shares of the energy company’s stock valued at $250,454,000 after purchasing an additional 33,527,802 shares in the last quarter. Stelliam Investment Management LP grew its position in shares of Southwestern Energy by 15.6% in the second quarter. Stelliam Investment Management LP now owns 29,450,000 shares of the energy company’s stock valued at $156,085,000 after purchasing an additional 3,972,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Southwestern Energy by 78.7% in the third quarter. Dimensional Fund Advisors LP now owns 26,092,943 shares of the energy company’s stock valued at $133,337,000 after purchasing an additional 11,494,799 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.
In other Southwestern Energy news, SVP Jennifer N. Mccauley sold 10,850 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $5.88, for a total value of $63,798.00. Following the sale, the senior vice president now directly owns 30,799 shares in the company, valued at $181,098.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.
About Southwestern Energy
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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