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Is Southwestern Energy a Good Gas Stock to Own? By StockNews

by Mike Robinson

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© Reuters Is Southwestern Energy a Good Gas Stock to Own?

Southwestern Energy’s (SWN), is experiencing a lot of momentum recently, due to the unprecedented rise in natural gas prices. SWN could benefit as analysts anticipate natural gas prices rising to at least the winter. SWN is a great stock, but are its margins lower than the industry? Learn more. Texas’ independent energy company Southwestern Energy Company is based in Texas. It explores, produces, and develops natural gas, oil and natural gas liquids. This company is focused on the development of unconventional natural gas and oil reserves in West Virginia, Ohio, and Pennsylvania.

The stock gained 3.4% intraday to close yesterday’s trading session at $5.23. SWN’s shares rose 22% in the last trading session to reach their 52-week peak on September 27, The stock trades above its 200-day and 50-day moving averages which indicates an uptrend.

The stock has been gaining momentum lately, driven by investors’ optimism over the red-hot energy sector and the record rally of natural gas prices. Natural-gas futures rose more than 9 percent to reach the highest level in almost 13 years. The price of natural-gas futures broke $6.000/MMBtu this week for the second consecutive time. However, analysts expect “extremely dangerous/volatile” price swings in the near term, “where entry and exit will be feast or famine,” if the supply struggle continues.

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