|Bid||0.00 x 1000|
|Ask||0.00 x 2900|
|Day's Range||5.53 - 6.08|
|52 Week Range||3.42 - 6.63|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||5.50|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
On November 13, the natural gas futures for December closed at a premium of ~$1.14 to the December 2019 futures. On November 6, the futures spread was at a premium of $0.6. On November 6–13, natural gas December futures rose 15.4%.
The natural gas rig count was at 195 last week—two more than the previous week. However, the natural gas rig count has fallen ~87.9% from its record level of 1,606 in 2008.
The low-cost producer of natural gas is setting the standard among energy production companies by pledging to return half its growing free cash flow to shareholders in dividends and stock buybacks. Read more in Barron’s Picks.
On November 2–9, the United States Natural Gas ETF (UNG) rose 13%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 25%. These ETFs track natural gas futures. UNG holds active natural gas futures contracts, while BOIL’s objective is to track twice the daily changes of the Bloomberg Natural Gas Subindex.
On November 2–9, natural gas December futures rose 13.2% and settled at $3.719 per MMBtu (million British thermal units) on November 9—the highest closing level for active natural gas futures since December 30, 2016. Last week, natural gas futures recorded the second-largest weekly gain in 2018.
On November 8, natural gas’s implied volatility was 47.4%, which was ~10.7% above its 15-day moving average and the highest level since January 30. In the trailing week, natural gas’s implied volatility rose 15.9%. Natural gas December futures rose 9.5% during the same period. Since June, these two metrics have been moving in tandem.
On November 6, the natural gas futures for December closed at a premium of ~$0.6 to the December 2019 futures. On October 30, the futures spread was at a premium of $0.278. On October 30–November 6, natural gas December futures rose 11.5%.
In the week ending on October 26, the inventories spread was -16.9%. The inventories spread is the difference between natural gas inventories and their five-year average.
Southwestern Energy (NYSE:SWN) has again generated interest. A weather-related spike in natural gas prices has again boosted optimism in the sector. It also offers welcome relief as SWN stock has suffered from low natural gas pricing and massive debt.
The natural gas rig count was at 193 last week—unchanged from the previous week. However, the natural gas rig count has fallen ~88% from its record level of 1,606 in 2008.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
On October 26–November 2, downstream stock PBF Energy (PBF) gained the most on our list of energy stocks. In fact, the VanEck Vectors Oil Refiners ETF (CRAK) rose 3.1%—the most among major energy subsector ETFs. On October 31, PBF Energy announced its third-quarter earnings results. The company reported an adjusted net income of $1.13 per share—compared to analysts’ consensus estimates of $1.03 per share.
On October 26–November 2, natural gas December futures rose 1.8% and settled at $3.284 per MMBtu (million British thermal units) on November 2—the highest closing level for active natural gas futures since October 17. The weather forecast for a colder winter and inventories 16.9% below their five-year average might be behind the rise in natural gas prices.
Most of the natural gas–weighted stocks on our list had negative or mild positive correlations with US crude oil prices in the seven calendar days to October 31.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We’ll show how you can use Southwestern Energy Company’s (NYSE:SWN) P/E Read More...
The natural gas rig count was at 193 last week—one less than the previous week. However, the natural gas rig count has fallen ~88% from its record level of 1,606 in 2008.
On October 25, natural gas’s implied volatility was 42.1%, which was ~8.2% above its 15-day moving average. In the trailing week, natural gas’s implied volatility rose 2.4%. Natural gas December futures rose 0.2% during the same period. Since June, these two metrics have been moving in tandem.
Southwestern Energy (SWN) delivered earnings and revenue surprises of 19.05% and 6.96%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Spring, Texas-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, were 25 cents per share. The results topped Wall Street expectations. ...
On October 17–24, our list of natural gas–weighted stocks fell 13.2%, while natural gas December futures fell 4.2%. On average, natural gas–weighted stocks underperformed natural gas futures during this period.
On October 24, natural gas December futures fell 1.7% and settled at $3.227 per MMBtu (million British thermal units). According to Reuters, for the next two weeks, Refinitiv analysts have decreased the total degree days from 230 on October 23 to 219 on October 24 in the Lower 48 US states. The fall might result in lower natural gas use for heating than previously expected. The total degree days are still higher than the 30-year average of 212 for these weeks.