Swift Energy Downgraded to “Neutral” at Global Hunter Securities (SFY)
Swift Energy (NYSE:SFY) was downgraded by research analysts at Global Hunter Securities from a “buy” rating to a “neutral” rating in a report released on Friday, TheFlyOnTheWall.com reports.
SFY has been the subject of a number of other recent research reports. Analysts at Barclays downgraded shares of Swift Energy from an “equal weight” rating to an “underweight” rating in a research note on Monday, February 3rd. They now have a $10.00 price target on the stock, down previously from $13.00. Analysts at Zacks upgraded shares of Swift Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 9th. They now have a $15.30 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Swift Energy currently has an average rating of “Hold” and a consensus price target of $17.04.
Swift Energy (NYSE:SFY) opened at 9.94 on Friday. Swift Energy has a 52 week low of $10.90 and a 52 week high of $16.88. The stock’s 50-day moving average is $12.49 and its 200-day moving average is $12.61. The company has a market cap of $431.3 million and a P/E ratio of 15.42.
Swift Energy (NYSE:SFY) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.13. The company had revenue of $146.00 million for the quarter, compared to the consensus estimate of $148.06 million. During the same quarter last year, the company posted $0.26 earnings per share. Swift Energy’s revenue was down 7.5% compared to the same quarter last year. Analysts expect that Swift Energy will post $0.64 EPS for the current fiscal year.
Swift Energy Company is engaged in developing, exploring, acquiring, and operating oil and natural gas properties, with a focus on oil and natural gas reserves in Texas as well as onshore and in the inland waters of Louisiana.
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