Swift Energy Company Upgraded to “Outperform” by Zacks (SFY)
Swift Energy Company (NYSE:SFY) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Tuesday. The firm currently has a $13.30 target price on the stock. Zacks‘s target price indicates a potential upside of 6.23% from the company’s current price.
SFY has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. downgraded shares of Swift Energy Company from an “outperform” rating to a “market perform” rating in a research note on Friday, June 6th. Separately, analysts at Credit Suisse downgraded shares of Swift Energy Company from a “neutral” rating to an “underperform” rating in a research note on Monday, May 5th. They now have a $10.00 price target on the stock. Finally, analysts at Global Hunter Securities cut their price target on shares of Swift Energy Company from $17.00 to $14.00 in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.14.
Swift Energy Company (NYSE:SFY) traded up 0.80% on Tuesday, hitting $12.62. The stock had a trading volume of 704,372 shares. Swift Energy Company has a 52-week low of $8.80 and a 52-week high of $15.14. The stock has a 50-day moving average of $11.76 and a 200-day moving average of $11.68. The company’s market cap is $552.8 million.
Swift Energy Company (NYSE:SFY) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $148.60 million for the quarter, compared to the consensus estimate of $132.98 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts predict that Swift Energy Company will post $0.18 earnings per share 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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