UPDATE: Truist Securities Upgrades Southwestern Energy (SWN) to Buy

October 3, 2022 5:37 AM EDT
Get Alerts SWN Hot Sheet
Price: $6.09 -6.02%

Rating Summary:
    23 Buy, 24 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 13 | New: 70
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(Updated - October 3, 2022 9:19 AM EDT)

Truist Securities analyst Neal Dingmann upgraded Southwestern Energy (NYSE: SWN) from Hold to Buy with a price target of $11.00 (from $7.00).

The analyst commented, "We believe Southwestern has ample takeaway capacity, positive upcoming financials, and efficient operations that will all take advantage of the continued strong natural gas prices we forecast. Specifically, we believe dry gas prices have the potential for a “super-spike” this winter and next year as upticks in demand may be met with limited incremental supply, causing prices to spike to what the market will dictate in certain regions. We are surprised the shares have only appreciated the same as our coverage group YTD despite ample catalysts, which we believe provides an opportune entry point."

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 $6.12 yesterday.

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