KLR Group Upgrades Southwestern Energy (SWN) to Buy

November 10, 2016 7:29 AM EST
Get Alerts SWN Hot Sheet
Price: $9.41 -1.05%

Rating Summary:
    13 Buy, 26 Hold, 7 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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KLR Group upgraded Southwestern Energy (NYSE: SWN) from Accumulate to Buy with a price target of $14.00.

Analyst John Gerdes commented, We are upgrading SWN from Accumulate to Buy. Our SWN target price of $14 per share is unchanged. SWN has depreciated more than 30% in the past month, underperforming the sector by ~30%, and now reflects sufficient equity value upside (40%+) to merit an upgrade to Buy.

Our 4Q/16 production outlook of ~204 Bcfe is ~1% above company guidance (192-202 Bcfe). Southwestern’s production should trough this quarter, exit the year in the lower half of guidance (2.2-2.3 Bcfepd) and incline going forward."

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 $9.78 yesterday.

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