Imperial Capital Thinks Southwestern Energy`s Stock is Going to Recover

By George MacDonald

Imperial Capital analyst Robert Christensen reiterated a Buy rating on Southwestern Energy (NYSE: SWN) today and set a price target of $43. The company’s shares closed yesterday at $27.24, close to its 52-week low of $27.11.

Currently, the analyst consensus on Southwestern Energy is Hold and the average price target is $43.60, representing a 60.1% upside. In a report released yesterday, Sterne Agee also maintained a Buy rating on the stock.

The company has a one year high of $49.16 and a one year low of $27.11. Currently, Southwestern Energy has an average volume of 7.21M.

According to TipRanks, Christensen is a 3-star analyst with an average return of 3.3% and a 50.0% success rate. Christensen covers the Basic Materials sector, focusing on stocks such as Range Resources Corp., Anadarko Petroleum, and Devon Energy Corp.

Southwestern Energy Co is an energy company. It explores, develops, and produces natural gas and crude oil within the United States.