Dahlman Rose Downgrades Southwestern Energy (SWN) to Hold
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Price: $7.11 --0%
Rating Summary:
16 Buy, 33 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
16 Buy, 33 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Dahlman Rose downgraded Southwestern Energy (NYSE: SWN) from Buy to Hold.
The firm comments, "With shares outperforming its gassy peers in 2012 (up 2% vs down 38%), a 2% expected decline in Fayetteville production in 2013 (~75% of total production) is a bit concerning. This key asset's decline and an increased reliance on Marcellus to drive production growth probably puts pressure on shares."
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 $34.34 yesterday.
The firm comments, "With shares outperforming its gassy peers in 2012 (up 2% vs down 38%), a 2% expected decline in Fayetteville production in 2013 (~75% of total production) is a bit concerning. This key asset's decline and an increased reliance on Marcellus to drive production growth probably puts pressure on shares."
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 $34.34 yesterday.
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