Southwestern Energy Reports Solid 2Q
Southwestern Energy Company (NYSE: SWN) reports continued success in Fayetteville and maintains current full year production forecasts despite increases in costs and asset sales, according to Dahlman Rose.
Dahlman reported that SWN's midstream segment is estimated to be worth in the ballpark of $2.3B, according to a EBITDA of $51M ($0.15/sh) in its 2Q (based on a 7.5x multiple). It is this segment's operational efficiency that SWN will most likely rely on for the next couple years during development.
Dahlman maintains its "buy" rating and price target of $46.
Southwestern Energy Company closed Friday at $37.45.
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