Southwestern Energy (SWN) Stock Falling as Oil Prices Slip
NEW YORK (TheStreet) -- Shares of Southwestern Energy (SWN) - Get Report are down by 4.54% to $12.82 in mid-morning trading on Monday, as some energy and related stocks tumble due to the decline in the price of oil.
The commodity is being pressured by an increase in production in the Middle East, which is outweighing a decline in U.S. output and a weak dollar.
Crude oil (WTI) is lower by 1.57% to $45.20 per barrel and Brent crude is declining by 2.225 to $46.32 per barrel.
The Organization of Petroleum Exporting Countries upped its crude production to 32.64 million barrels per day in April, Reuters added.
April exports out of Iraq's southern fields grew last month, and so did seaborne exports out of Russia, the largest exporter outside of OPEC.
Southwestern Energy is a Houston-based independent energy company engaged in natural gas and oil exploration, development and production.
Separately, TheStreet Ratings has set a "sell" rating and a score of D on Southwestern Energy stock. This is driven by several weaknesses, which TheStreet Ratings believes should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks it covers.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SWN
