Top 5 Stocks for November

Top Stock #3 –
Southwestern Energy (SWN)

Southwestern Energy (SWN) is a pioneer in horizontal drilling. This means that SWN simply taps a well once then drills sideways to access the remainder of the field as opposed to the more costly alternative of erecting multiple rigs that drill down. This technology keeps costs low while boosting output, and is particularly helpful to SWN when gas prices are soft.

For Q3, SWN reported that it earned $118.3 million or 34 cents per share during the quarter, in line with Wall Street’s estimates. That profit was down 63 cents per share from last year due to comparatively lower natural gas prices. The company was able to ramp up production, which helped to offset the price decline, but revenue still came in 26.3% lower compared with the same year-ago period.

I still believe that the future is extremely bright for this booming stock. SWN has been bouncing higher over the last few months, and it is well-positioned make its next big move up as natural gas prices firm up.

NEXT – Top Stock #4