1.6900 0.00 (0.00%)
After hours: 7:06PM EDT
|Bid||1.6900 x 36100|
|Ask||1.7100 x 36200|
|Day's Range||1.6800 - 1.8300|
|52 Week Range||1.6400 - 6.2300|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||1.04|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.96|
With gas output in the lower 48 states recently hitting a record 92.1 Bcf per day, there is little room for prices to improve meaningfully from their current levels of around $2.20 per MMBtu.
The Zacks Analyst Blog Highlights: Gulfport Energy, Montage Resources, Cabot Oil & Gas, SilverBow Resources and Southwestern Energy
Natural gas prices might experience short-lived surge based on positive weather forecasts but any powerful turnaround looks unlikely at the moment.
President and CEO of Southwestern Energy Co (30-Year Financial, Insider Trades) William J Way (insider trades) bought 100,000 shares of SWN on 08/09/2019 at an average price of $1.91 a share. Continue reading...
Southwestern Energy (SWN) delivered earnings and revenue surprises of -11.11% and -9.09%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
Investors need to pay close attention to Southwestern Energy (SWN) stock based on the movements in the options market lately.
By any fundamental measure, Southwestern Energy (NYSE:SWN) looks ridiculously undervalued. Based on consensus 2019 EPS of $0.67, the Southwestern Energy stock price is just 3.3x earnings. Asset-based valuations, too, look favorable: Southwestern Energy trades at just 0.4x tangible book value.Of course, the reason SWN stock looks so cheap is not that earnings or book value are growing. Rather, the price keeps dropping. Southwestern Energy stock touched a 15-year low last week. Even after a bounce driven by either short-covering, bottom-timers, or both, shares still have fallen 56% over the past year. They've lost nearly 95% of their value in the last five years.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShareholders and traders might see next week's earnings report as a chance for SWN stock to reverse that trend. That seems unlikely to happen. There is an interesting case for Southwestern Energy stock at these levels, as a high-risk play. But SWN stock hasn't fallen because of earnings, and it's not likely to rise because of them, either. * 7 A-Rated Stocks Under $10 The Natural Gas Problem for Southwestern Energy StockThe problem for SWN is reasonably simple: natural gas prices are plunging. Futures hit a 3-year low last month. Henry Hub spot prices are flirting with decade-long lows reached in early 2016.And as a producer leveraged mostly to those natural gas prices, Southwestern Energy is going to feel the pressure. The stock is cheap looking at 2019 (and 2018) earnings, but that's not what drives the valuation of a stock. It's forward-looking performance that matters, and right now the market sees pressure continuing for some time to come.Indeed, the declines of late aren't confined to SWN. Antero Resources (NYSE:AR) has performed even more poorly over the past year. Range Resources (NYSE:RRC) has been worse over the past three. Larger gas-heavy plays like QEP Resources (NYSE:QEP) and EQT Corporation (NYSE:EQT) have declined sharply as well, showing that even greater scale can't offset lower prices.To be sure, those companies haven't helped their cause, either. Shale players in the U.S., until recently, focused on drilling over profits. As former EQT CEO Steve Schlotterbeck argued last month, the fracking revolution has "been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions."Like gold miners, producers theoretically should have the leverage to affect underlying commodity prices. Like gold miners, the effect in practice has been even worse. The Earnings Problem for SWN StockOne quarter simply isn't going to fix that problem for Southwestern Energy. There's a clear lack of trust toward the space. Investors have fled shale gas plays in recent months: SWN has declined by more than half just since mid-April.And even an earnings beat relative to the consensus EPS estimate of $0.10 is unlikely to fix that. Again, earnings are backward-looking; stock prices are forward-looking. Investors see more pressure ahead.Most notably, the natural gas currently being "flared" likely will join the supply once pipeline capacity is put into place. That could force shale gas plays to either pull back on production or face even lower prices.Investors expecting too much from earnings should look at Southwestern Energy's recent history. The stock in fact has beaten consensus EPS expectations in five of the last six quarters. It's obviously done nothing to stop the decline in Southwestern Energy stock. The Case for Timing the BottomEven if earnings are unlikely to be the catalyst, there is a case for SWN stock in the low $2 range. Any optimism toward natural gas can lead to a rally; indeed, modest gains in the commodity led to a nice rally in the past few sessions.After the company's sale of its acreage in the Fayetteville Shale, the balance sheet is in reasonably good shape. The declines aren't necessarily over, but traders and more aggressive investors could bet on a bounce here.I'm not ready to take that bet quite yet, though. We've seen with stocks like Chesapeake Energy (NYSE:CHK) that even "cheap" energy stocks can fall further. Natural gas supply pressure seems unlikely to abate. It might seem like the worst is over for Southwestern Energy, but that's likely not the case.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post Only Natural Gas Prices Can Save Southwestern Energy Stock appeared first on InvestorPlace.
On Tuesday, natural gas September futures rose 1% and closed at $2.137 per MMBtu. On Monday, the prices settled at the lowest level since May 26, 2016.
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.
On August 6, Southwestern Energy will report its second-quarter earnings. The company's adjusted net income per share will likely fall 66.7% sequentially.
At least two Marcellus and Utica shale natural gas producers have announced plans in recent weeks to cut back on drilling amid a sustained drop in commodity prices. Sewickley-based JKLM Energy, which is owned by Buffalo Bills and Buffalo Sabres owner Terry Pegula, told stakeholders last week in Potter County that it would be temporarily halting its drilling rig due to the low price of natural gas. A spokesman for JKLM Energy confirmed the pause in development in Potter Township, where its drilling operations are based and said it was due to low commodity prices.
Southwestern Energy Company today announced it will host a conference call and webcast on August 7, 2019 at 9:30 a.m. Central Time to discuss second quarter 2019 financial and operating results.