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Increased Earnings Estimates Seen for Southwestern Energy (SWN): Can It Move Higher?

Southwestern Energy Company SWN is an independent oil & natural gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SWN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that an independent oil & natural gas company could be a solid choice for investors.

Current Quarter Estimates for SWN

In the past 30 days, 7 estimates have gone higher for Southwestern Energy while 2 have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 20 cents a share 30 days ago, to a loss of 15 cents today, a move of 25%.

Current Year Estimates for SWN

Meanwhile, Southwestern Energy’s current year figures are also looking quite promising, with 9 estimates moving higher in the past month, compared to 2 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 62 cents per share 30 days ago to a loss of 40 per share today, an increase of 35.5%.

Bottom Line

The stock has also started to move higher lately, adding 62% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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SOUTHWESTRN ENE (SWN): Free Stock Analysis Report
 
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