Here's Why Natural Gas Stocks Are Higher on Tuesday

Shares of Southwestern Energy jumped more than six percent in midday trading Tuesday along with industry peer Williams Companies , amid a rally in natural gas prices. Southwestern Energy has managed to turn 2016 into a major turnaround year. Shares of the Texas-based company are up 96 percent this year. In February, Standard & Poors issued a downgrade of its nearly $5 billion debt to sub-investment grade. Southwestern Energy shareholders have also benefited from a sharp rise in crude oil prices, which continued their move higher to just under $50 a barrel, based on U.S. benchmark West Texas Intermediate. Other natural gas companies, including Chesapeake Energy and Diamond Offshore were also higher Tuesday by a more than four percent gain in July futures contracts, which ticked up on forecasts of warmer weather to $2.28 a British Thermal Unit, hitting a four-month high. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet

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