NEW YORK (TheStreet) -- Shares of Southwestern Energy Co. (SWN) are up 4.12% to 34.08 today after Imperial Capital initiated coverage of the independent energy company with an "outperform" rating and a one-year price target of $50.
Sustained growth and low costs will energize the stock, Imperial Capital analysts said, who set a price target almost 50% above the recent share price.
"We believe Southwestern is capable of sustained 15% per annum growth in U.S. natural-gas output the next few years" analyst said, adding "Southwestern should also remain one of the lowest-cost producers in the U.S. and will potentially benefit from serving rising U.S. natural-gas demand and in taking market share in the midst of a major step up in U.S. demand that we see as likely in the 2016-2017 period."
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Separately, TheStreet Ratings team rates SOUTHWESTERN ENERGY CO as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SOUTHWESTERN ENERGY CO (SWN) a HOLD. The primary factors that have impacted our rating are mixed--some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."