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Did Southwestern Energy’s 4Q15 Earnings Beat Estimates? ( Continued from Prior Part ) Southwestern Energy’s stock price movement on the day of 4Q15 earnings Southwestern Energy (SWN) announced its 4Q15 earnings on February 25, 2016, after the Market closed. On the day of earnings, SWN’s stock price fell 0.88% to close at $6.77. In the last two months leading into the earnings, SWN’s stock had already risen ~31%, mainly due to the rebound in natural gas prices during the same period. SWN’s stock is in an overall falling trend Falling natural gas prices over the last year have been weighing on the entire upstream sector. As seen in the above chart, SWN’s stock is in a falling trend and has seen a pattern of lower highs and lower lows. SWN’s 2015 relative performance In 2015, SWN underperformed bigger upstream companies from the SPDR S&P 500 ETF (SPY). In 2015, SWN fell ~74%, whereas Occidental Petroleum (OXY), Pioneer Natural Resources (PXD), and EOG Resources (EOG) fell ~13%, ~16%, and ~23%, respectively. SWN’s stock performance after past earnings In the last year, Southwestern Energy beat earnings on two occasions, in 3Q15 and 4Q14. SWN reported its 3Q15 earnings after the Market closed on October 22, 2015. In 3Q15, excluding one-time items, SWN reported profit of $0.01 per share, $0.04 better than the consensus estimate of a loss of $0.03 per share. Despite better-than-expected earnings, SWN’s stock fell ~10% in the three sessions following the earnings release. A similar contradictory reaction was observed after 4Q14 earnings, when SWN’s stock fell ~18% in eight sessions even after the company beat the consensus earnings estimate by $0.01 per share. Browse this series on Market Realist: Part 1 - Did Southwestern Energy’s 4Q15 Earnings Beat Estimates? Part 2 - Did Southwestern Energy’s 4Q15 Production Meet Guidance? Part 3 - How Do Analysts Rate Southwestern Energy after 4Q15 Earnings? View comments
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