Stifel raised the firm’s price target on Southwestern Energy to $7.60 from $6.60 and keeps a Hold rating on the shares. The firm is updating its commodity estimates ahead of Q1 earnings to reflect strip prices through 2026 and revising its production and capital forecasts to reflect discussions with management, the analyst tells investors. Despite elevated valuations, oil and gas macro tailwinds continue to support sector outperformance, the firm adds.
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Read More on SWN:
- Southwestern Energy price target raised to $7.50 from $7 at Susquehanna
- Southwestern downgraded on weaker gas price outlook at Piper Sandler
- Southwestern Energy downgraded to Neutral from Overweight at Piper Sandler
- Scotiabank shakes up ratings and targets in North American natural gas
- Southwestern Energy downgraded to Sector Perform from Outperform at Scotiabank
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