Southwestern Energy (SWN) slid to the bottom of the S&P 500 on Friday, on the heels of its fourth-quarter earnings.
Southwestern dropped $1, or 12%, to $7.35, while the S&P 500 rose3.53 points, or 0.15%,to 2367.34.
Southwestern said it earned 8 cents a share, a nickel below the 13 cents analysts were expecting. Revenue slid 0.4% year over year to $684 million, edging past the$683 millionconsensus.
In addition, Southwestern saidestimated proved natural gas and oil reserves declinedby 15.5%, to approximately5,253 Bcfe at the end of 2016,compared to 6,215 Bcfeat the end of 2015.
Raymond James’s John Freeman reiterated a Market Perform rating on the stock:
he 2017 production guidance range of 890-910 Bcfe compares to RJ/Street at 892/893 Bcfe, respectively. Capex guidance of $1.175-1.275 billion was 18% above Street at $1.04 and 13% above RJ $1.08 billion. The production growth implies the company is taking the middle road of their previous growth scenario whereby $1.25 billion/yr of capex thru 2018 translates to an 8-12% CAGR. However, in 2017, the guidance range implies 2-4% growth y/y. Exit-to-exit, SWN is expecting 20% growth vs the Street at 14%.
Top Energy Stocks To Invest In 2018: Marvell Technology Group Ltd.(MRVL)
- [By Peter Graham]
The Q4 2017 earnings report for mid cap fabless semiconductor stock Marvell Technology Group Ltd (NASDAQ: MRVL) is scheduled forafter the marketcloses onThursday (March 2nd). Marvell Technology Groupwas in our SmallCap Network Elite Opportunity (SCN EO) portfolio back in 2013 becauseits fundamental and technical context appeared very attractive at the time and the Company’s products also drive Samsung’s family of mobile devices. Our SCN EO newsletter had noted back in May 2013:
- [By Spencer Israel]
You can listen to the show live every day from 8-9 a.m. ET here, or catch the podcast on iTunes, Soundcloud and Stitcher.
Marvell Technology Group Ltd. (NASDAQ: MRVL): $19.75 has been the low since the deal was rumored so that’s support. Below that ,there’s a gap down to $18.55.
Alibaba Group Holding Ltd (NYSE: BABA) has a pair of highs near $188. The premarket high was $188.07 and there are similar highs from Nov. 8 and 13, so that whole handle will be resistance.
Square Inc (NYSE: SQ): It’s at all-time high levels right now. There’s support at Friday’s close at $44.18.
Twitter Inc (NYSE: TWTR): The Dorsey sympathy move is on. The Nov. 1 high of $20.99 and post-earnings high of $21.96 are two resistance levels.
General Electric Company (NYSE: GE): Has a double top from the last two sessions at $18.47 and $18.48.
Watch the full show below!
- [By Lisa Levin]
Marvell Technology Group Ltd. (NASDAQ: MRVL) agreed to acquire Cavium Inc (NASDAQ: CAVM) in a deal valued at around $6 billion.
Under the deal, Marvell will buy Cavium for $40 per share in cash and 2.1757 shares of its stock for each Cavium share.
Top Energy Stocks To Invest In 2018: FormFactor, Inc.(FORM)
- [By Jim Robertson]
On Tuesday, our Elite Opportunity Pronewsletter suggested small cap semiconductor equipment & testing stock FormFactor, Inc (NASDAQ: FORM) as a short term long trade thats a pure small cap play with excellent valuation metrics, in addition to some very attractive chart implications right now:
Top Energy Stocks To Invest In 2018: region(DGLD)
- [By Jim Robertson]
The VelocityShares 3x Inverse Gold ETN (NASDAQ: DGLD) seeks to provideshort exposure to three times (3x) the daily performance of theS&P GSCI Gold Index. As with UGLD, DGLD would be doing this viafutures contracts.