An interesting stock that came up in some of our conversations today is Southwestern Energy Company (NYSE:SWN). At current price of $1.93, the shares have already added 0.08 points (4.59% higher) from its previous close of $1.85. Should you buy or avoid them? The stock sets an active trading volume day with a reported 10570554 contracts so far this session. SWN shares had a relatively better volume day versus average trading capacity of 21.65 million shares, but with a 0.54 billion float and a 1.65% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SWN stock indicates that the average analyst price target is $2.71 per share. This means the stock has a potential increase of 40.41% from where the SWN share price has been trading recently which is between $1.75 and $1.88.
During the recent trading session for Southwestern Energy Company (NYSE:SWN), the company witnessed their stock rise $0.06 over a week and tumble down $-0.29 from the price 20 days ago. When compared to their established 52-week high of $6.23, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 11/13/18. The recent low of $1.56 stood for a -68.94% since 03/09/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.12 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Southwestern Energy Company, the two-week RSI stands at 50.6. This figure suggests that SWN stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SWN readings is similarly very revealing as it has a stochastic reading of 36.32% at this stage. This figure means that SWN share price today is being neutral.
Technical chart claims that Southwestern Energy Company (SWN) would settle between $1.9/share to $1.96/share level. However, if the stock price goes below the $1.77 mark, then the market for Southwestern Energy Company becomes much weaker. If that happens, the stock price might even plunge as low as $1.7 for its downside target.
Analysts at CapitalOne raised their recommendation on shares of SWN from Underweight to Equal Weight in their opinion released on October 11. Wolfe Research analysts bumped their rating on Southwestern Energy Company (NYSE:SWN) stock from Underperform to Peer Perform in a separate flash note issued to investors on September 19. Analysts at UBS released an upgrade from Sell to Neutral for the stock, in a research note that dated back to August 14.
SWN equity has an average rating of 2.66, with the figure leaning towards a bullish end. 24 analysts who tracked the company were contacted by Reuters. Amongst them, 21 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 0 analysts rated Southwestern Energy Company (NYSE:SWN) as a buy or a strong buy while 3 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, SWN stock price is currently trading at 4.15X forward 12-month Consensus EPS estimates, and its P/E ratio is 1 while for the average stock in the same group, the multiple is 10.8. Southwestern Energy Company current P/B ratio of 0.3 means it is trading at a discount against its industry’s 1.2.
Southwestern Energy Company (SWN)’s current-quarter revenues are projected to climb by nearly -29.2% to hit $673130, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -19.6% from $3.86 billion to a noteworthy $3.11 billion. At the other end of the current quarter income statement, Southwestern Energy Company is expected to see its adjusted earnings surge by roughly -68% to hit $0.08 per share. For the fiscal year, SWN’s earnings are projected to climb by roughly -43.1% to hit $0.58 per share.