FBR Capital Maintains an 'Outperform' on Southwestern Energy (SWN); Management Visit Highlights Unrecognized Value
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Price: $7.29 +0.14%
Rating Summary:
17 Buy, 32 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
17 Buy, 32 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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FBR Capital maintains an 'Outperform' on Southwestern Energy (NYSE: SWN), PT $50.
FBR analyst says, "We believe the potential of Southwestern's 170,000 net acres in northeast Pennsylvania is underappreciated by the market. Based on a 7.5 Bcf/well assumption and 100-acre spacing, we now value Southwestern's Marcellus acreage position at $15 per share. Additionally, we believe that gas prices will strengthen into the back half of the year. As such, we are fans of the Fayetteville Shale, which continues to improve. Also, during the second half of the year, we expect Southwestern to announce results on its domestic oil shale venture as well as monetization of its midstream business."
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 $42.15 yesterday.
FBR analyst says, "We believe the potential of Southwestern's 170,000 net acres in northeast Pennsylvania is underappreciated by the market. Based on a 7.5 Bcf/well assumption and 100-acre spacing, we now value Southwestern's Marcellus acreage position at $15 per share. Additionally, we believe that gas prices will strengthen into the back half of the year. As such, we are fans of the Fayetteville Shale, which continues to improve. Also, during the second half of the year, we expect Southwestern to announce results on its domestic oil shale venture as well as monetization of its midstream business."
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 $42.15 yesterday.
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