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NEW YORK (TheStreet) -- Shares of Southwestern Energy (SWN) - Get Southwestern Energy Company Report  are advancing 10.37% to $14.58 this afternoon after the company reported 2016 second quarter earnings that beat analysts' expectations.

Southwestern reported an adjusted loss of 9 cents per share. Analysts surveyed by Thomson Reuters had estimated a loss of 10 cents per share.

The company also reported revenue of $522 million for the quarter, vs. analysts' estimates of $534.4 million.

"As promised, we took significant and deliberate steps this quarter to strengthen our balance sheet that, when combined with the continued outperformance by our assets, positions us to reinitiate drilling and completion activities and accelerate our path to value-adding growth," said CEO Bill Way.

JPMorgan upgraded the stock to "neutral" from "underweight" this morning in an analyst note. The firm upped its price target to $14 from $12.

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Southwestern Energy is a Spring, TX-based oil and natural gas company.

Separately, 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.

TheStreet Ratings rated this stock as a "sell" with a ratings score of D.

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.

You can view the full analysis from the report here: SWN

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