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Southwestern Energy (SWN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Southwestern Energy (SWN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
U.S. natural gas producer Chesapeake Energy Corp has approached Southwestern Energy , a peer valued by the stock market at more than $11 billion including debt, about a potential acquisition, people familiar with the matter said.
Southwestern Energy is solely focused on two primary natural gas shale plays that are close to end markets. Southwestern Energy diluted shareholders to remain solvent in 2020-21 and history could repeat itself if natural gas prices don't remain elevated. Southwestern Energy's balance sheet has improved, but investing in a pure natural gas producer is riskier than investing in an oil and gas company.
Southwestern's near-term free cash flow has been limited due to weak natural gas prices. The strip for 2024 and 2025 is now around $3.50 and $4.00 respectively. At those prices, Southwestern could generate $2.4 billion in free cash flow over that two year period.
Given that buying a basket of securities listed on the S&P 500 index can get you about 17% returns so far this year, the concept of must-own stocks under $20 naturally piques investors' interest. With so many names flying high, discounts appear few and far between.
Declining total operating costs and expenses aid Southwestern's (SWN) Q2 earnings, offset partially by lower realized commodity prices.
While the top- and bottom-line numbers for Southwestern Energy (SWN) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Southwestern Energy (SWN) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.33 per share a year ago.
SPRING, Texas--(BUSINESS WIRE)--SOUTHWESTERN ENERGY SCHEDULES SECOND QUARTER CONFERENCE CALL FOR AUGUST 4, 2023.