UBS maintains a 'Neutral' on Southwestern Energy (SWN); 1Q Production Beats; Raises Guidance

UBS maintains a 'Neutral' on Southwestern Energy (NYSE: SWN), PT increased from $44 to $46.

UBS analyst says, "1Q CFPS beat expectations on higher than expected production...We raised our '11/'12 CFPS estimates to $4.80/$6.40 from $4.70/$6.00."

"We believe key items to watch out for in 2011 include: 1) disclosure of size (~491,000 at last count) and location (Utica?) of New Ventures acreage; 2)
results from at least 1 exploration well planned on its New Ventures acreage, 3) progression of Marcellus development, and 4) Evaluation of an MLP or other strategic options to maximize value for its midstream assets."

For more ratings news on Southwestern Energy click here and for the rating history of Southwestern Energy click here.

Shares of Southwestern Energy closed at $42.72 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy