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SWN

Southwestern Energy

$1.78

-0.02 (-1.11%)

16:19
10/09/19
10/09
16:19
10/09/19
16:19

Southwestern Energy reports actions to 'further strengthen financial resiliency'

Southwestern Energy Company announced several recent financial developments that "reinforce its resiliency and strategic flexibility in a low commodity price environment". New actions include: Borrowing base unchanged in semi-annual redetermination under the $2 billion credit facility with maturity extended one year to 2024; no borrowings outstanding as of September 30, 2019 Repurchased $50 million of senior notes due 2025 to 2027 during the third quarter at an average 13% discount, funded principally by sales of non-core, non-producing assets Leading 5-year maturity window with no significant maturities until 2025 S&P reaffirmed BB credit rating with a stable outlook Additional hedges added during the third quarter, including 186 Bcf and 99 Bcf of natural gas for 2020 and 2021. "Financial strength is a core priority for Southwestern Energy. The Company is strategically advantaged in this low price environment, given our strong balance sheet, liquidity position and debt maturity profile. The recent actions by our bank group and S&P validate this view. Financial resilience, coupled with a premier asset base, outstanding operational execution and lowered cost structure, sets SWN apart as a leading Appalachia producer," said Bill Way, President and Chief Executive Officer of Southwestern Energy.

  • 25

    Oct

  • 10

    Nov

SWN Southwestern Energy
$1.78

-0.02 (-1.11%)

07/10/19
07/10/19
DOWNGRADE
Target $2

Underperform
Southwestern Energy downgraded to Underperform at Credit Suisse
As previously reported, Credit Suisse analyst William Featherston downgraded Southwestern Energy to Underperform from Neutral as he believes it is "structurally challenged" in a low gas and NGL price environment. Even assuming the slightly more "constructive" 2020-23 futures strip, the analyst believes the company is poised to generate material free cash flow deficits over this time period that weighs on both its over-leveraged balance sheet and weak debt-adjusted growth profile. Featherston also lowered his price target on the shares to $2 from $4.
08/09/19
MUFG
08/09/19
NO CHANGE
Target $3.5
MUFG
Neutral
Southwestern Energy price target lowered to $3.50 from $4.50 at MUFG
MUFG analyst Michael McAllister lowered his price target on Southwestern Energy to $3.50 and kept his Neutral rating after its Q2 earnings miss. The analyst notes that the "sharp" decline in natural gas prices should preserve the company's original 2019 plan for capacity as it forecasts a drop from 6 rigs to 2 by the end of Q3. With natural gas prices tipped to remain below $3 in the futures market until 2024, McAllister sees Southwestern Energy being several years away from benefiting from its investments.
08/14/19
UBSW
08/14/19
UPGRADE
Target $1.9
UBSW
Neutral
Southwestern Energy upgraded to Neutral from Sell at UBS
UBS analyst Lloyd Byrne upgraded Southwestern Energy to Neutral while also lowering his price target to $1.90 from $3.10. The analyst notes the stock has been under "significant" pressure around NGL and natural gas price expectations' impact on future cash flows. However, the analyst estimates the current net asset value for the stock around $1.90 per share based on the current NGL pricing and existing costs, adding that the company has also made restructuring progress that includes the sale of the Fayetteville and debt reduction.
09/19/19
WOLF
09/19/19
UPGRADE
WOLF
Peer Perform
Southwestern Energy upgraded to Peer Perform from Underperform at Wolfe Research
Wolfe Research upgraded Southwestern Energy to Peer Perform from Underperform citing potential to achieve a neutral free-cash-flow goal for YE20.

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GNTX

Gentex

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VNE

Veoneer

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VC

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  • 24

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DLPH

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BWA

BorgWarner

$37.74

0.68 (1.83%)

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  • 31

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LEA

Lear

$121.75

3.94 (3.34%)

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DFIN

Donnelley Financial Solutions

$10.54

0.035 (0.33%)

20:12
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JNJ

Johnson & Johnson

$132.84

2.17 (1.66%)

, TEVA

Teva

$6.96

0.22 (3.26%)

19:17
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JNJ

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$132.84

2.17 (1.66%)

TEVA

Teva

$6.96

0.22 (3.26%)

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  • 15

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WAFD

Washington Federal

$36.81

0.15 (0.41%)

19:04
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Earnings
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  • 06

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INGR

Ingredion

$81.17

0.94 (1.17%)

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  • 31

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SPX

S&P 500

$0.00

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SPDR S&P 500 ETF Trust

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2.88 (0.97%)

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PBR

Petrobras

$14.40

0.02 (0.14%)

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  • 25

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SNBR

Sleep Number

$46.69

0.48 (1.04%)

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$87.90

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UAL

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CAH

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FULT

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ETN

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SFIX

Stitch Fix

$20.83

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MGM

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RYTM

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PRQR

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NTRA

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X

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ARCE

Arco Platform

$48.15

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TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

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KKR

KKR

$26.79

0.67 (2.57%)

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$7.79

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$26.79

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DB

Deutsche Bank

$7.79

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  • 15

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TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

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Breaking Hot Stocks news story on Tradeweb Markets »

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  • 07

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TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

18:17
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Syndicate
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  • 07

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TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

18:16
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Earnings
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  • 07

    Nov

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EDIT

Editas Medicine

$20.30

0.48 (2.42%)

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WYNN

Wynn Resorts

$114.78

2.43 (2.16%)

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SFIX

Stitch Fix

$20.83

-0.38 (-1.79%)

18:00
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  • 22

    Oct

NTRA

Natera

$39.21

1.01 (2.64%)

17:48
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17:48
Syndicate
Natera files to sell $175M of common stock »

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AQST

Aquestive Therapeutics

$3.36

0.2 (6.33%)

17:45
10/15/19
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Earnings
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