Keep Your Eyes on This Stock: Southwestern Energy Company (NYSE: SWN)
On Monday, Southwestern Energy Company (NYSE: SWN) spotted trading -65.49% off 52-week high price. On the other end, the stock has been noted 37.82% away from the low price over the last 52-weeks. The stock changed 1.42% to recent value of $2.15. The stock transacted 21271809 shares during most recent day however it has an average volume of 21181.17K shares. The company has 541.32M of outstanding shares and 538.72M shares were floated in the market.
Southwestern Energy Company (SWN) recently reported financial and operating results for the third quarter ended September 30, 2019.
- Leading operational efficiency gains predictable to result in full-year wells to sales at the high end of guidance while not exceeding $1.15B yearly capital investment;
- Beating 25% reduction target for full-year average well costs, averaging $784 per lateral foot and 10,466 feet lateral length in the quarter;
- Condensate production of greater than 15 MBbls per day, up 50% from second quarter, contributing 19% of E&P revenues;
- Total production of 202 Bcfe, including 22% liquids at about 80 MBbls per day;
- Borrowing base reaffirmed, revolver maturity extended one year to 2024, no borrowings outstanding under $2B commitment as of September 30, 2019;
- Realized $88M of settled derivative gains, increasing weighted average realized price by $0.44 per Mcfe; and
- Stated weighted average realized price of $2.55 per Mcfe, including derivatives and not including transportation.
“The SWN team continues to innovate and deliver value, embracing the challenges our industry faces recently. Our people are driving improved operational efficiency and cost structure, maximizing cash flow, increasing well performance and optimizing base production,” stated Southwestern Energy President and Chief Executive Officer, Bill Way.
“In this volatile commodity environment, resiliency is key recently and going forward. The intentional actions we have taken over time and continue to take to strengthen our balance sheet, coupled with operational execution, are all a part of our deliberate transition back to free cash flow, without compromising long-term value. We are in an enviable position with our debt maturity profile to take advantage of financial, operational and planned opportunities,” Way continued.
Financial Results
The table below summarizes financial statistics. Year over year results are not comparable as previous year’s results include the contribution of Fayetteville assets, which were sold in December 2018.
Its earnings per share (EPS) expected to touch remained -43.00% for this year while earning per share for the next 5-years is expected to reach at # ref. SWN has a gross margin of 61.90% and an operating margin of 19.50% while its profit margin remained 24.40% for the last 12 months. According to the most recent quarter its current ratio was 0.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 10.06% from the mean of 20 days, 9.94% from mean of 50 days SMA and performed -34.30% from mean of 200 days price. Company’s performance for the week was 6.44%, 5.39% for month and YTD performance remained -36.95%.
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