Southwestern Energy (NYSE:SWN) Growth to Slow Down

Southwestern Energy (NYSE:SWN) may disappoint some investors looking for growth of 20 percent or more in 2011 may be disappointed, as they are expected to slow down, according to Barclays (NYSE:BCS).

Barclays said, "We brought numbers down after 3Q call in early Nov and are reiterating our view ahead of 2011 cap-ex and production guidance, which is expected next week. Investors looking for 20%+ growth may be disappointed. We forecast growth will slow from 34% this year to - 13% in '11. We estimate DAPPS of - 10% vs. 40% per year in 2006-'10 period. Shares discount 4+ years of superior DAPPS growth. (FY11 EPS estimate increased from $1.65 to $1.70 and FY12 from $1.00 to $1.15."

Barclays maintains an "Equalweight" on Southwestern Energy, which closed Friday at $35.65, down $0.45, or 1.25 percent. Barclays has a price target of $35 on them.