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Is Southwestern Energy a Good Gas Stock to Own?

Stock MarketsOct 08, 2021 01:30PM ET
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© Reuters Is Southwestern Energy a Good Gas Stock to Own?

Southwestern Energy (SWN) is gaining momentum lately, primarily fueled by the record rally in natural gas prices. As analysts expect natural gas prices to keep rising at least until winter, SWN should benefit. However, considering its lower-than-industry profit margins, is SWN a good stock to own? Read more to find out.Texas-based independent energy company Southwestern Energy Company (NYSE:SWN) explores, develops, and produces natural gas, oil, and natural gas liquids (NGLs). The company focuses on developing unconventional natural gas and oil reservoirs in Pennsylvania, Ohio, and West Virginia.

The stock gained 3.4% intraday to close yesterday’s trading session at $5.23. Shares of SWN soared 22% to hit their 52-week high on September 27. Moreover, the stock is currently trading above its 50-day and 200-day moving averages, indicating 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. Earlier this week, natural-gas futures rallied more than 9% to post the highest finish in nearly 13 years. Moreover, natural gas futures broke through $6.000/MMBtu for the second time this week. 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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Is Southwestern Energy a Good Gas Stock to Own?
 

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