5 Most Undervalued Natural Gas Stocks To Buy According To Hedge Funds

4. Southwestern Energy Company (NYSE:SWN)

TTM PE Ratio as of November 8: 1.50

Number of Hedge Fund Holders: 44

Southwestern Energy Company (NYSE:SWN) is a Texas-based natural gas exploration and production company. In its third quarter, the company posted a non-GAAP EPS of $0.10, exceeding the estimates by 3 cents, and beat the revenue estimates by $80 million after generating $1.44 billion.

Southwestern Energy Company (NYSE:SWN)’s stock was owned by 44 hedge funds at a combined value of $1.013 billion in the second quarter of 2023. D E Shaw was the company’s most prominent hedge fund investor, with over 29.47 million shares worth $177.124 million.

On October 17, Reuters reported that Chesapeake Energy Corporation (NASDAQ:CHK) is exploring the acquisition of Southwestern Energy Company (NYSE:SWN) to become the largest natural gas producer in the United States. Jefferies believes that if the pairing is “done right”, it could create a “must own.” The firm has a Buy rating on Southwestern Energy Company (NYSE:SWN)’s stock and a price target of $9.50.