UBS Maintains a 'Buy' on Southwestern Energy (SWN); Reiterated 2012 Production Target but 2013+ Growth Appears at Risk
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Price: $38.03 +1.41%
Rating Summary:
11 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
11 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade SWN Now!
UBS maintains a 'Buy' on Southwestern Energy (NYSE: SWN) price target lowered from $38 to $36.
Analyst, William A. Featherston, said, "Q1 EPS/CFPS of $0.31/$1.02 were above our estimate of $0.29/$0.98 but slightly below consensus of $0.32/$1.05. Production of 133.4 Bcfe rose 15% YoY and 1% QoQ, in the middle of the 132-134 Bcfe guidance range. Realized gas prices fell 15% YoY to $3.49/Mcf, but were 2% above UBSe. Pre-tax per-unit expenses inched up 2% YoY to $2.63/Mcfe and were 50% below the peer average." (UBS lowers FY12 EPS estimate from $4.10 to $4.05 and FY13 from $5.20 to $4.90)
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 $30.96 yesterday, with a 52 week range of $27.15-$49.25.
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Analyst, William A. Featherston, said, "Q1 EPS/CFPS of $0.31/$1.02 were above our estimate of $0.29/$0.98 but slightly below consensus of $0.32/$1.05. Production of 133.4 Bcfe rose 15% YoY and 1% QoQ, in the middle of the 132-134 Bcfe guidance range. Realized gas prices fell 15% YoY to $3.49/Mcf, but were 2% above UBSe. Pre-tax per-unit expenses inched up 2% YoY to $2.63/Mcfe and were 50% below the peer average." (UBS lowers FY12 EPS estimate from $4.10 to $4.05 and FY13 from $5.20 to $4.90)
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 $30.96 yesterday, with a 52 week range of $27.15-$49.25.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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