Southwestern Energy Company (SWN) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $-0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $-0.20. The company posted revenue of $579.00 million in the period, compared to analysts expectations of $561.50 million. The company’s revenue was down -37.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Southwestern Energy Company. Company shares were Downgraded by UBS on Apr 19, 2016 to ” Sell”, Firm has raised the Price Target to $ 9 from a previous price target of $7 .Southwestern Energy Company was Downgraded by JP Morgan to ” Underweight” on Apr 15, 2016. Shares were Downgraded by Barclays on Mar 1, 2016 to ” Underweight” and Lowered the Price Target to $ 4 from a previous price target of $7 .
Southwestern Energy Company closed down -0.02 points or -0.19% at $10.47 with 1,46,84,929 shares getting traded on Monday. Post opening the session at $9.98, the shares hit an intraday low of $9.89 and an intraday high of $10.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 7, 2015, Paul W Iii Geiger (Sr. Vice Pres. of Subsidiary) purchased 15,000 shares at $16.75 per share price. According to the SEC, on Jan 23, 2015, Terry W Rathert (director) purchased 5,000 shares at $23.00 per share price. On Jan 23, 2015, Steven L Mueller (CEO) purchased 15,000 shares at $23.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses which it refer to as Midstream Services. The Company conducts its business through subsidiaries. The Companys operations are focused within the United States on development of two natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on a natural gas reservoir Fayetteville Shale and its operations in northeast Pennsylvania are focused on the natural gas reservoir Marcellus Shale. The Company engages in natural gas gathering activities in Arkansas Texas Louisiana Pennsylvania and West Virginia.