Swift Energy (NYSE: SFY) was the recipient of a ratings changes during the seven days:
- Swift Energy was downgraded by analysts at Brean Murray from a “buy” rating to a “hold” rating.
- Swift Energy had its price target lowered by analysts at Ladenburg Thalmann from $48.00 to $32.00. They now have a “buy” rating on the stock.
- Swift Energy had its price target lowered by analysts at Canaccord Genuity from $27.00 to $21.00. They now have a “buy” rating on the stock. They wrote, “The company has a balanced, long-lived asset base with low-risk development and high-reward exploration potential. That said, we believe the lack of near term catalysts and modest growth guidance limit upside that may arise from any early successes with their exploratory plays and/or news of a JV in the Eagle Ford (EF) that could help accelerate production growth. We are cutting our target to $21 from $27 but keeping a BUY rating on the stock for patient, long-term investors.”
- Swift Energy had its price target lowered by analysts at SunTrust from $19.00 to $16.00. They now have a “neutral” rating on the stock.
- Swift Energy had its price target lowered by analysts at Credit Suisse from $23.00 to $20.00. They now have an “outperform” rating on the stock.
Shares of Swift Energy opened at 13.18 on Wednesday. Swift Energy has a 52 week low of $12.25 and a 52 week high of $33.86. The stock’s 50-day moving average is currently $15.55. The company has a market cap of $565.7 million and a P/E ratio of 27.46.
Swift Energy Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and operation of oil and natural gas properties, with a focus on its reserves and production from its Texas properties as well as on shore and inland waters of Louisiana.