Southwestern Energy Company (NYSE: SWN) Surprised Bears With Its Forecast. – Marketing Sentinel
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Southwestern Energy Company (NYSE: SWN) Surprised Bears With Its Forecast.

In today’s recent session, 11.48 million shares of the Southwestern Energy Company (NYSE:SWN) have been traded, and its beta is 1.15. Most recently the company’s share price was $6.86, and it changed around -$0.05 or -0.72% from the last close, which brings the market valuation of the company to $8.34B. SWN at last check was trading at a discount to its 52-week high of $9.87, offering almost -43.88% off that amount. The share price’s 52-week low was $3.81, which indicates that the recent value has risen by an impressive 44.46% since then. We note from Southwestern Energy Company’s average daily trading volume that its 10-day average is 44.68 million shares, with the 3-month average coming to 36.88 million.

Southwestern Energy Company stock received a consensus recommendation rating of a Hold, based on a mean score of 2.80. If we narrow it down even further, the data shows that 2 out of 22 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 11 recommended SWN as a Hold, whereas 5 deemed it a Buy, and 1 rated it as Underweight. Southwestern Energy Company is expected to report earnings per share of $0.3 for the current quarter.

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Southwestern Energy Company (NYSE:SWN) trade information

Instantly SWN has been showing red trend so far today with a performance of -0.72% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.05 on Tuesday, 06/21/22 increased the stock’s daily price by 14.78%. The company’s shares are currently up 48.28% year-to-date, but still down -19.65% over the last five days. On the other hand, Southwestern Energy Company (NYSE:SWN) is -0.14% down in the 30-day period. We can see from the shorts that 80.19 million shares have been sold at a short interest cover period of 2.29 day(s).

The consensus price target as assigned by Wall Street analysts is $11.04, which translates to bulls needing to increase their stock price by 37.86% from its current value. Analyst projections state that SWN is forecast to be at a low of $8.00 and a high of $19.00. In order for the stock price to hit the forecast high, the stock would need to plunge -176.97% from its current level, while the stock would need to crash -16.62% from its current level to reach the projected low.

Southwestern Energy Company (SWN) estimates and forecasts

Southwestern Energy Company share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 53.22 percent over the past six months and at a 46.67% annual growth rate that is well above the industry average of 26.50%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 57.90% in revenue this quarter, and will report an increase of 29.20% in the next quarter. The year-over-year growth rate is expected to be -0.10%, down from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $1.51 billion in revenue for the current quarter. 9 analysts expect Southwestern Energy Company to make $1.54 billion in revenue for the quarter ending Sep 2022. The company’s sales for the same quarters a year ago were $1.05 billion and $1.6 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 44.20%. Forecasts for the next quarter put sales growth at -3.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 65.30%. Southwestern Energy Company earnings are expected to increase by 99.40% in 2022, but the outlook is positive 13.00% per year for the next five years.

SWN Dividends

Southwestern Energy Company’s next quarterly earnings report is expected to be released around April 27 and May 02.

Southwestern Energy Company (NYSE:SWN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.50% of Southwestern Energy Company shares, and 89.31% of them are in the hands of institutional investors. The stock currently has a share float of 89.76%. Southwestern Energy Company stock is held by 467 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 30, 2022, it held 15.12% of the shares, which is about 168.74 million shares worth $1.21 billion.

Vanguard Group, Inc. (The), with 10.64% or 118.81 million shares worth $553.66 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.

iShares Core S&P Smallcap ETF and Fidelity Series Intrinsic Opportunities Fund were the top two Mutual Funds as of Jan 30, 2022. The former held 71.4 million shares worth $314.16 million, making up 6.40% of all outstanding shares. On the other hand, Fidelity Series Intrinsic Opportunities Fund held roughly 50.36 million shares worth around $251.3 million, which represents about 4.51% of the total shares outstanding.

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