Southwestern Energy Company (NYSE:SWN) has tumbled 0.46% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 12.36% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.74% and the outperformance has advanced to 11.34% for the last 4 weeks period.
Southwestern Energy Company (NYSE:SWN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.90 and $12.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.09, notching a gain of 2.27% for the day. The total traded volume was 19,218,357 . The stock had closed at $12.80 on the previous day.
The company shares have dropped -43.94% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $24.62 and the one year low was seen on Dec 17, 2015. The 50-Day Moving Average price is $12.85 and the 200 Day Moving Average price is recorded at $9.20.
On the companys insider trading activities, Geiger Paul W Iii, officer (Sr. Vice Pres. of Subsidiary) of Southwestern Energy Co, executed a transaction worth $251,250 on August 5, 2015. A total of 15,000 shares were purchased at an average price of $16.75. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Barclays maintains its rating on Southwestern Energy Company (NYSE:SWN). The global brokerage major raises the current price target from $6 per share to $7 per share. Analysts at the Barclays have a current rating of Underweight on the shares. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 1.16% of Southwestern Energy Company shares according to the proxy statements.
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses, which it refer to as Midstream Services. The Company conducts its business through subsidiaries. The Companys operations are focused within the United States on development of two natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on a natural gas reservoir, Fayetteville Shale, and its operations in northeast Pennsylvania are focused on the natural gas reservoir, Marcellus Shale. The Company engages in natural gas gathering activities in Arkansas, Texas, Louisiana, Pennsylvania and West Virginia.