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Fly News Breaks for December 18, 2019
Dec 18, 2019 | 07:14 EDT
SunTrust analyst Welles Fitzpatrick initiated coverage of Southwestern Energy with a Hold rating and $2.00 price target. The analyst notes that he is positive on the company's "strong acreage and management", as well as its recent achievement of reducing costs at a "rate unparalleled" relative to its peers. However, Fitzpatrick cites Southwestern Energy's free cash flow deficit of 14% relative to its market cap and consensus remaining too low on its expected 2020 capital expenditures in his neutral stance.