Will Southwestern Energy Be Removed From TheStreet’s Stressed Out Index?

Shares of Southwestern Energy (SWN) rose 25 percent in January, while the broad S&P 500 slumped 6 percent. But, amid the rally so far this year, it’s too early to tell if the oil company will be removed from TheStreet’s Stressed Out index, which tracks 20 troubled companies. ‘The company has a debt load that may be unsustainable,’ said Carleton English, an analyst with TheStreet Premium Services. ‘They have about $950 million of debt coming due in 2018 and it’s questionable how they’ll be able to make that obligation.’ English said once the company reveals its capital expenditures for the year, she’ll have a better sense of if and when Southwestern Energy should be removed from the distressed list. The stock’s most recent low was on Jan. 12 at $5.94 a share. Its high was about two weeks later on Jan. 29 of $8.89. The stock currently trades near $8.48. TheStreet’s Scott Gamm has details from Wall Street.