Southwestern Energy Company (NYSE:SWN) has seen its dense wells, report good financial results for the fourth quarter of 2013 having drilled 12 wells in the area with three of the wells expected to cater for drilling and completion investments.Southwestern Energy has already invested $84 million in the LSBD exploration and plans to invest a further $178 million in 2014.Southwestern Energy Company (NYSE:SWN) shares after opening at $45.35 moved to $45.53 on last trade day and at the end of the day closed at $45.39. Company price to sales ratio in past twelve months was calculated as 4.72 and price to cash ratio as 695.43. Southwestern Energy Company (NYSE:SWN) showed a positive weekly performance of 6.57%.
We are upgrading Nabors Industries Ltd. (NYSE:NBR) based on strong International execution, especially in key markets like Saudi Arabia. This should continue to contribute to EPS growth throughout 2014. NBR is also expected to announce a restructuring at the conclusion of its ‘strategic review,’ lending additional optimism. At this point, the catalysts are well understood by the market and are currently reflected in the valuation. Our TP goes to $22 and we increase 2014 EPS on strong international growth.,” the firm’s analyst wrote. Nabors Industries Ltd. (NYSE:NBR) shares advanced 1.42% in last trading session and ended the day on $23.50. NBR return on equity ratio is recorded as 4.00% and its return on assets is 1.90%. Nabors Industries Ltd. (NYSE:NBR) yearly performance is 48.45%.
Soros Fund Management LLC, the hedge fund headed by billionaire investor George Soros, increased its stake in Penn Virginia Corporation (NYSE:PVA) to 6,003,509 shares or 9.18% based on its latest 13D filed with the Securities and Exchange Commission (SEC) on Wednesday, March 12th.Penn Virginia Corporation (NYSE:PVA) shares moved up 2.61% in last trading session and was closed at $16.14, while trading in range of $15.33-$16.50. Penn Virginia Corporation (NYSE:PVA) year to date performance is 71.16%.
Abraxas Petroleum Corporation (Nasdaq:AXAS) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. Abraxas Petroleum Corp. (NASDAQ:AXAS) weekly performance is 23.73%. On last trading day company shares ended up $3.88. {Full Company Name} distance from 50-day simple moving average is 18.97%. Analysts mean target price for the company is $4.43.