7 Best Cheap Stocks To Buy Today Under $10

1. Southwestern Energy (NYSE:SWN)  

Number of Hedge Fund Investors: 49  

Forward P/E Ratio as of October 1: 12.71  

Southwestern Energy (NYSE:SWN) is involved in the exploration, development, and production of natural gas as well as the sale of natural gas and natural gas liquids. The company operates primarily in the Appalachian Basin, where it operates in the Marcellus and Utica Shales. The company has assets are located in Pennsylvania, Ohio, and West Virginia.

Southwestern Energy (NYSE:SWN) is merging with Chesapeake Energy (NASDAQ:CHK), which is expected to close in October. The combined company will have a market capitalization of over $20 billion and will be one of the largest natural gas producers in the United States. Analysts believe that the merger will create significant value for shareholders and will position the company for long-term success.

In Q2, Southwestern Energy (NYSE:SWN) reported a 10.4% decline in production, which was primarily due to the company’s decision to reduce its capital expenditures in response to lower natural gas prices. Despite this decline, the company’s cash flow remained strong, with net cash from operating activities of $291 million. T

Southwestern Energy (NYSE:SWN) is a compelling investment opportunity due to the closing of the merger and the company’s strong cash flow generation. The company’s valuation is attractive as its stock is trading at a forward PE of 12.71. Industry analysts have a consensus on the stock’s Buy rating, setting an average share price target at $5.70, which represents a 22.65% upside potential from its current level.

While we acknowledge the potential of Southwestern Energy (NYSE:SWN) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SWN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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