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Re: Bryan2000 post# 374

Wednesday, 04/19/2017 12:39:30 PM

Wednesday, April 19, 2017 12:39:30 PM

Post# of 690
Southwestern Energy upgraded at Cowen after 30% YTD drop

Southwestern Energy (SWN +1.4%) is higher after Cowen upgrades shares to Outperform from Market Perform with an $11 price target, citing its "strong production growth outlook, insulation to service costs and upside to [natural gas liquids] prices."

Cowen also sees limited downside for the shares, estimating ~30-40% of SWN’s 2018 production already is hedged at an average price of ~$3.05/Mcf vs. ~17% at the end of Q4 2016.

The firm also notes that SWN has shed ~30% YTD, 4x the 7.5% drop in the Energy Select Sector SPDR ETF.
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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