October 30, 2017 - 8:10 AM EDT
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Today's Research Reports on Stocks to Watch: Southwestern Energy and WPX Energy

NEW YORK, NY / ACCESSWIRE / October 30, 2017 / It was a day of modest gains for Southwestern Energy Company and WPX Energy Inc. Both stocks saw gains of about 5% this past Friday. Southwestern Energy reported disappointing third-quarter results that failed to meet Wall Street's estimates, but the results were still better than the year-ago period and resulted in the stock closing in the green. Shares of WPX Energy followed suit, despite the company not having any news last week to warrant the move.

RDI Initiates Coverage on:

Southwestern Energy Company

WPX Energy, Inc.

Southwestern Energy Company shares closed up 5.22% with nearly 26 million shares this past Friday. The company reported its third-quarter 2017 adjusted earnings last week revealing 6 cents per share, narrowly missing the 7 cents that analysts had expected. It was, however, an improvement from the year-ago period when the company reported 3 cents. Operating revenue at $737 million also dragged behind the $785 million that Wall Street expected, but was a growth from the $651 million the company posted in the year-ago quarter. Traders seemed more encouraged by the growth the company had seen then the missed estimates. The company also reported that total production increased almost 10% year over year to 232 billion cubic feet equivalent (Bcfe). Shares of the stock have dropped ~50% this year so far.

Access RDI's Southwestern Energy Company Research Report at:

WPX Energy, Inc. shares closed up 5.31% on Friday with nearly 6 million shares traded. There was no significant or remarkable news for the oil and gas producing company but early in the month, Stifel Nicolaus set a $19 price target on the stock with a "buy" rating. Earlier in the month, Bank of America Corporation also started coverage on the stock with a "buy" rating. Citi Group also raised their price target this month from $12 to $13 but have a "neutral" rating on the stock. WPX Energy engages in the exploitation and development of unconventional properties in the United States.

Access RDI's WPX Energy, Inc. Research Report at:

Our Actionable Research on Southwestern Energy Company (NYSE: SWN) and WPX Energy, Inc. (NYSE: WPX) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com

Source: ACCESSWIRE Investor Awareness (October 30, 2017 - 8:10 AM EDT)

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