10 Best Stocks Under $15 To Buy Now

6. Southwestern Energy Company (NYSE:SWN)

Number of Hedge Fund Holders: 49

Share Price as of the close of September 27: $7.15

Southwestern Energy Company (NYSE:SWN) is a natural gas exploration and production company headquartered in Spring, Texas. The company’s operations are focused on the development of unconventional natural gas reservoirs in the Appalachian Basin and Haynesville Shale.

During Q2 2024, the company reported operational revenues of $1.08 billion, with an EPS of $0.10 which beat analysts’ estimates by a penny. This was the third in the last four quarters in which the gas giant surpassed earnings expectations. According to analysts, the stronger-than-expected results were likely driven by higher oil and gas price realization.

Production metrics for Southwestern Energy Company (NYSE:SWN) were also noteworthy, with total net production reaching 379 Bcfe, which reflected a day output of 4.2 Bcfe. This included gas production of 3.6 Bcf per day and 101 MBbls per day of liquids. The company also made $430 million in capital investments that went into the drilling of 30 wells, completion of 23 wells, and the placement of 22 wells for sale.

Southwestern Energy Company (NYSE:SWN) had a total debt of $4.2 billion with a net debt to adjusted EBITDA (non-GAAP) of 2.1x at the end of the second quarter, which hinted at a manageable leverage profile. Moreover, 49 hedge funds have investments in the company, according to Insider Monkey’s database, as of Q2 2024, making it one of the best stocks under $15 to buy now.

Chesapeake Energy has been eying an acquisition of Southwestern Energy for some while now. It has already been delayed once this year after the U.S. Federal Trade Commission requested for further information from the two companies. According to a recent report in Reuters, the $7 billion acquisition is now expected to happen in Q4. Street analysts expect an 11.61% upside in the Southwestern’s current share price and have maintained consensus on its Hold rating.