A New Trick Up Its Sleeve: Celanese Corporation (CE), Southwestern Energy Company (SWN)

Celanese Corporation (NYSE:CE) rose 3.61% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -12.4% and is now up by 5.32% since start of this year. A look at its monthly performance shows that the stock has recorded a 7.05% gain over the past 30 days. Its equity price dipped by -5.7% over the past three months which led to its overall six-month decrease to stand at -15.14%.

The shares of Celanese Corporation (CE) dropped by -20.56% or -$24.53 from its last recorded high of $119.29 which it attained on August 28 to close at $94.76 per share. Over the past 52 weeks, the shares of Celanese Corporation has been trading as low as $82.91 before witnessing a massive surge by 14.29% or $11.85. This price movement has led to the CE stock receiving more attention and has become one to watch out for. It jumped by 0.35% on Sunday and this got the market excited. The stock’s beta now stands at 1.36 and when compared to its 200-day moving average and its 50-day moving average, CE price stands -11.46% below and -0.6% below respectively. Its average daily volatility for this week is 2.43% which is less than the 3.02% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Celanese Corporation with most of them predicting a $118.76 price target on a short-term (12 months) basis. The average price target by the analysts will see a 25.33% rise in the stock and would lead to CE’s market cap to surge to $15.83B. The stock has been rated an average 2.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 19 analysts that track Celanese Corporation (NYSE:CE) and find out that 2 of them rated it as a Hold. 16 of the 17 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at CE technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 56.46 point. Its trading volume has lost -764183 shares compared to readings over the past three months as it recently exchanged 1155817 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1920000 shares, and this is 0.6 times the normal volume.

The price of Southwestern Energy Company (NYSE:SWN) currently stands at $4.35 after it went up by $0.05 or 1.16% and has found a strong support at $4.25 a share. If the SWN price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $4.16 mark would also be bad for the stock as it means that the stock would plunge by 4.37% from its current position. However, if the stock price is able to trade above the resistance point around $4.42, then it could likely surge higher to try and break the upward resistance which stands at $4.5 a share. Its average daily volatility over the past one month stands at 6.78%. The stock has plunged by 2.76% from its 52-weeks high of $4.23 which it reached on Nov. 13, 2018. In general, it is 25.75% above its 52-weeks lowest point which stands at $3.23 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Southwestern Energy Company (SWN) for 1 year and it stands at an average $4.75/share. This means that it would likely increase by 9.2% from its current position. The current price of the stock has been moving between $4.23 and $4.4. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $1.5. On the other hand, one analyst is super bullish about the price, setting a target as high as $7.3.

The SWN stock Stochastic Oscillator (%D) is at 94.66%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.72 which compares to the 99.85 recorded by the industry or the 12.86 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 5.57, which is higher than the 4.72 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 22.9% over the past five years.

Analysts view Southwestern Energy Company (NYSE:SWN) as a Sell, with 3.1 consensus rating. Reuters surveyed 28 analysts that follow SWN and found that 19 of those analysts rated the stock as a Hold. The remaining 9 were divided, with 3 analyst rating it as a Buy or a Strong Buy while 6 analysts advised investors to desist from buying Southwestern Energy Company (SWN) shares or sell it if they already own it.