KLR Group Cuts Price Target on Southwestern Energy (SWN) to $14

October 24, 2016 8:34 AM EDT
Get Alerts SWN Hot Sheet
Price: $10.04 --0%

Rating Summary:
    13 Buy, 25 Hold, 8 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 3
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KLR Group maintained an Accumulate rating on Southwestern Energy (NYSE: SWN), and cut the price target to $14.00 (from $15.00), after adjusting estimates.

Analyst John Gerdes commented, "We are decreasing our SWN target price $1 to $14 per share following minor model refinements. Our 4Q/16 production outlook of ~204 Bcfe is ~1% above company guidance (192-202 Bcfe). Southwestern’s production should trough 4Q/16, exit the year in the lower half of guidance (2.2-2.3 Bcfepd), and incline throughout ’17."

For an analyst ratings summary and ratings history on Southwestern Energy click here. For more ratings news on Southwestern Energy click here.

Shares of Southwestern Energy closed at $11.59 yesterday.

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