Swift Energy Company PT Raised to $11.00 at Barclays (SFY)
Investment analysts at Barclays raised their target price on shares of Swift Energy Company (NYSE:SFY) from $9.00 to $11.00 in a note issued to investors on Wednesday. Barclays’ price objective suggests a potential downside of 11.29% from the company’s current price.
Shares of Swift Energy Company (NYSE:SFY) traded up 0.65% during mid-day trading on Wednesday, hitting $12.40. The stock had a trading volume of 1,208,923 shares. Swift Energy Company has a 52 week low of $8.80 and a 52 week high of $15.14. The stock’s 50-day moving average is $12.17 and its 200-day moving average is $11.63. The company’s market cap is $543.2 million.
Swift Energy Company (NYSE:SFY) last released its earnings data on Thursday, May 1st. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Swift Energy Company will post $0.19 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SFY. Analysts at Zacks upgraded shares of Swift Energy Company from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 8th. They now have a $13.30 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.37.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.