NEW YORK, NY / ACCESSWIRE / March 19, 2018 / Energy stocks were the top gainers in the S&P 500 on Friday. Many energy stocks had their best week last week in the last two months. Southwestern Energy Company was one such gainer on Friday. Enbridge Energy Partners, on the other hand, dropped significantly on revised DCF guidance.

RDI Initiates Coverage on:

Southwestern Energy Company
https://rdinvesting.com/report/?ticker=SWN

Enbridge Energy Partners, L.P.
https://rdinvesting.com/report/?ticker=EEP

Southwestern Energy Company shares closed up 4.21% on a little over 22 million shares traded on Friday. There was no news from the company to explain the gain but it was earlier in the month that shares also rallied after the natural gas company reported its fourth quarter results. Shares were up over 10% after the release. Adjusted earnings for the quarter were $62 million, or $0.12 a share. This was significantly higher than the $0.03 that analysts had been waiting for. CEO Bill Way remarked on the company's plans for the year and said that the efforts are to "reposition the company to compete and win in any commodity price environment for years to come." Southwestern Energy will be focused on exploring strategic alternatives for its Fayetteville Shale assets and accelerate the development in Appalachia. The company also plans to reduce structural costs.

Access RDI's Southwestern Energy Company Research Report at:
https://rdinvesting.com/report/?ticker=SWN

Enbridge Energy Partners, L.P. shares closed down 7.76% on nearly 10.5 million shares traded on Friday. It was on Friday that the company announced its preliminary assessment of the impacts of the revised policy change from the Federal Energy Regulatory Commission's on the recovery of income tax amounts. Last week the FERC changed its long-standing policy on the treatment of income tax amounts which includes the rates of pipelines and other entities subject to cost of service rate regulation within an MLP. After the revised changes, Enbridge Energy Partners is adjusting its 2018 DCF guidance range to $650 million and $700 million. Previously the company had projected a range of $720 million - $770 million. It also changed its 2018 total distribution coverage to approximately 1.0x from approximately 1.15x. Recently the company reported fourth quarter 2017 results that revealed adjusted EBITDA of $1.9 billion. This represented a 31% growth from the quarter a year ago.

Access RDI's Enbridge Energy Partners, L.P. Research Report at:
https://rdinvesting.com/report/?ticker=EEP

Our Actionable Research on Southwestern Energy Company (NYSE: SWN) and Enbridge Energy Partners, L.P. (NYSE: EEP) be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com