Southwestern Energy Co. (SWN) saw a big move last session, as the company’s shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SWN, as the stock is now down about 15% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as this oil & gas producer has seen 8 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
SWN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the Oil – US Exploration & Production sector include Black Ridge Oil & Gas, Inc (ANFC), Cobalt International Energy, Inc. (CIE)) and World Point Terminals, LP (WPT). While Cobalt International Energy and World Point Terminals carry a Zacks Rank #1 (Strong Buy), Black Ridge Oil & Gas holds a Zacks Rank #2 (Buy).
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