UPDATE: UBS Investment Research Raises PT on Southwestern Energy Following 2Q EPS Beat

In a report published Friday, UBS Investment Research analyst William A. Featherston reiterated a Buy rating on Southwestern Energy (NYSE: SWN), and raised the price target from $41.00 to $45.00.

In the report, UBS Investment Research noted, “2Q clean EPS/CFPS of $0.54/$1.39 compares to consensus of $0.52 and UBSe of $0.53/$1.35. Production of 160 Bcfe rose 17% YoY and 7% QoQ, and was above the guidance range of 153-156 Bcfe. Realized natural gas prices rose 23% YoY to $3.85/Mcf, and per-unit costs fell 11% YoY $2.29Mcfe, 2% below UBSe contributing to the EPS beat.”

Southwestern Energy closed on Thursday at $39.91.