Stone Energy Price Target Increased While Southwestern Energy Remaines a Buy
Stock analysts reiterated ratings in the Basic Materials sector for the week ending December 23rd, 2011 on these companies:
Stone Energy (NYSE:SGY): Rodman & Renshaw reiterated its rating of Mkt Outperform for this company and changed its price target from $32 to $34 on Dec 20th. The shares recently traded at $25.89, up $1.08, or 4.35% since the analyst’s rating. About the company: Stone Energy Corporation is an independent oil and gas company. The Company acquires, explores, develops, and operates oil and gas properties onshore and offshore in the Gulf Coast Basin.
Southwestern Energy (NYSE:SWN): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $45 to $40 on Dec 20th. The shares recently traded at $32.89, up $0.03, or 0.09% since the analyst’s rating. About the company: Southwestern Energy Company is an independent energy company primarily focused on natural gas and crude oil exploration, development and production (E&P) within the United States. The Company operations also include natural gas gathering, transmission, and marketing, as well as natural gas distribution.
(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)
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