|Bid||5.55 x 40700|
|Ask||5.57 x 42300|
|Day's Range||5.52 - 5.72|
|52 Week Range||3.42 - 6.72|
|Beta (3Y Monthly)||0.32|
|PE Ratio (TTM)||5.34|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.36|
The earnings season has begun, and the US upstream energy sector is expected to be among the top-performing US sectors in the third quarter.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
The natural gas–weighted stocks under review that are sensitive to US crude oil November futures’ movements based on their correlations with US crude oil November futures in the last five trading sessions are: Chesapeake Energy (CHK) at 92.2% Southwestern Energy (SWN) at 88.7% Gulfport Energy (GPOR) at 86.6% Cabot Oil & Gas (COG) at 79.7% Antero Resources (AR) at 78.6%
On October 17, natural gas November futures rose 2.5% and settled at $3.32 per MMBtu (million British thermal units)—the highest closing level for active natural gas prices since January 29. According to Reuters, for the next two weeks, Refinitiv analysts have increased the total degree days from 225 on October 16 to 227 on October 17 in the Lower 48 US states. The increase might result in slightly higher natural gas use for heating than previously expected. The total degree days are still higher than the 30-year average of 188 for these weeks.
Southwestern Energy (SWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The natural gas rig count was at 193 last week—four more than the previous week. However, the natural gas rig count has fallen ~88% from its record level of 1,606 in 2008.
HighPoint Resources (HPR), a DJ Basin–focused E&P (exploration and production) company, was the top upstream gainer in the week that ended on October 12. It rose 7.8% last week. Despite this gain, HPR has fallen ~11% YTD (year-to-date). It has underperformed the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which has risen 22.9%.
A variety of macro forces is raising the cost of doing business and thus putting severe downward pressure on corporate profit margins, Morgan Stanley warns in a recent report entitled "No Margin For Error.
The Zacks Analyst Blog Highlights: Chesapeake Energy, Comstock Resources, Southwestern Energy, Range Resources and CNX Resources
NEW YORK, NY / ACCESSWIRE / October 16, 2018 / U.S. markets failed to remain in the green on Monday as a technology sector selloff erased earlier gains. Tech giants Netflix and Apple both dropped more ...
On October 5–12, the United States Natural Gas ETF (UNG) was unchanged, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 2.3%. These ETFs track natural gas futures. UNG holds active natural gas futures contracts, while BOIL’s objective is to track the Bloomberg Natural Gas Subindex.
On October 11, natural gas’s implied volatility was 38%, which was ~23.4% above its 15-day moving average and the highest level since January 31. In the trailing week, natural gas’s implied volatility rose 11.1%. Natural gas November futures rose 1.8% during the same period. Since June, these two metrics have been moving in tandem.
The natural gas–weighted stocks under review that are sensitive to US crude oil November futures’ movements based on their correlations in the last five trading sessions are: Antero Resources (AR) at 99.3% Gulfport Energy (GPOR) at 96.2% Chesapeake Energy (CHK) at 79.2% Range Resources (RRC) at 75.8% Southwestern Energy (SWN) at 69.4%
The natural gas futures contract has completed a multi-year bottoming pattern near $3.00 per million British thermal units (MMBtu) and broken out above 2016 resistance, entering the first bull market since 2008. Geopolitical tensions, low inventories and weather-related demand have been cited for the new uptrend, which is unfolding at the same time that crude oil and other physical commodities are posting multi-year highs. Sadly, the US Natural Gas Fund ( UNG) doesn't show this secular breakout following years of contango.
On October 9, the natural gas futures for November closed at a premium of ~$0.46 to the November 2019 futures. On October 2, the futures spread was at a premium of $0.4. On October 2–9, natural gas November futures rose 3.2%.
In the week ending September 28, the inventories spread was -17.5%. The inventories spread is the difference between natural gas inventories and their five-year average.
The natural gas rig count was at 189 last week—unchanged from the previous week. However, the natural gas rig count has fallen ~88.2% from its record level of 1,606 in 2008.
NEW YORK, NY / ACCESSWIRE / October 9, 2018 / U.S. equities were mixed on Monday with the Dow Jones finishing in the green, but broader market gains were lagged due to worries over sharp increase in interest ...
Stocks that moved substantially or traded heavily Monday: Eni SpA, down 96 cents to $36.61 Italian stocks sank after the country's new government said it would move forward with plans to increase spending ...
At 2.866 trillion cubic feet, natural gas inventories are 17.5% under the five-year average and 18.2% below the year-ago figure.
Investors need to pay close attention to Southwestern Energy (SWN) stock based on the movements in the options market lately.
Southwestern Energy Company today announced it will host a conference call and webcast on October 26, 2018 at 9 a.m. Central Time to discuss third quarter 2018 financial and operating results.
Southwestern Energy (SWN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The expiration date applicable to the Tender Offers and the related Consent Solicitations, previously scheduled for 11:59 p.m., New York City time, on October 1, 2018 (the “Original Expiration Date”), has been extended to 11:59 p.m., New York City time, on November 1, 2018 (such date and time, as extended, the “New Expiration Date”), unless further extended or earlier terminated.