Analysts Offer Insights on Materials Companies: Southwestern Energy (NYSE: SWN) and Chesapeake Energy (NYSE: CHK)

By Jason Carr

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Southwestern Energy (NYSE: SWN) and Chesapeake Energy (NYSE: CHK) with bullish sentiments.

Southwestern Energy (NYSE: SWN)

Stifel Nicolaus analyst Karl Chalabala reiterated a Buy rating on Southwestern Energy (NYSE: SWN) yesterday and set a price target of $8. The company’s shares opened today at $5.91, close to its 52-week low of $5.

According to TipRanks.com, Chalabala is ranked 0 out of 5 stars with an average return of -21.4% and a 23.0% success rate. Chalabala covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Range Resources Corp, and Comstock Resources.

Currently, the analyst consensus on Southwestern Energy is Moderate Buy and the average price target is $7.67, representing a 29.8% upside.

In a report issued on September 12, Cowen & Co. also reiterated a Buy rating on the stock with a $9 price target.
Chesapeake Energy (NYSE: CHK)

Stifel Nicolaus analyst Derrick Whitfield reiterated a Buy rating on Chesapeake Energy (NYSE: CHK) yesterday and set a price target of $5. The company’s shares opened today at $4.10, close to its 52-week low of $3.55.

According to TipRanks.com, Whitfield is ranked 0 out of 5 stars with an average return of -10.7% and a 32.0% success rate. Whitfield covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Sundance Energy Australia.

Chesapeake Energy has an analyst consensus of Hold, with a price target consensus of $4.21.

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