Barclays Reiterates “Underweight” Rating for Swift Energy Company (SFY)
Swift Energy Company (NYSE:SFY)‘s stock had its “underweight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Tuesday. They currently have a $10.00 target price on the stock, down from their previous target price of $11.00. Barclays’ price objective indicates a potential downside of 13.19% from the company’s current price.
A number of other firms have also recently commented on SFY. Analysts at SunTrust raised their price target on shares of Swift Energy Company from $11.00 to $12.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $13.92.
Shares of Swift Energy Company (NYSE:SFY) traded down 4.95% during mid-day trading on Tuesday, hitting $10.95. 933,245 shares of the company’s stock traded hands. 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 $12.31 and its 200-day moving average is $11.52. The company’s market cap is $480.1 million.
Swift Energy Company (NYSE:SFY) last released its earnings data on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.14. The company had revenue of $155.70 million for the quarter, compared to the consensus estimate of $138.50 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Swift Energy Company will post $0.28 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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