Seibert Williams initiated coverage of Southwestern Energy with a Hold rating and $6 price target. Deals have made Southwestern among the largest domestic natural gas producers with critical scale in both Appalachia and the Haynesville shale, but these deals have left the company with above average net-debt/EBITDA leverage and "disadvantaged legacy hedges," said the firm, which thinks Southwestern’s "materially below-average" free cash flow yield will likely result in no capital returns over the next few quarters at current strip prices.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SWN:
- Southwestern Energy price target lowered to $5 from $6 at Morgan Stanley
- Southwestern Energy price target lowered to $6 from $7 at BMO Capital
- Southwestern Energy management to meet with Truist
- Southwestern Energy price target lowered to $9 from $10 at Piper Sandler
- Southwestern Energy reports Q4 adjusted EPS 26c, consensus 27c