SunTrust hoisted their price objective on shares of Swift Energy (NYSE:SFY) from $13.00 to $15.00 in a research note issued on Friday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. SunTrust’s target price would indicate a potential upside of 15.74% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of Swift Energy from $22.00 to $20.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Swift Energy from $19.00 to $18.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Global Hunter Securities upgraded shares of Swift Energy from an “accumulate” rating to a “buy” rating in a research note to investors on Wednesday, October 23rd. They now have a $22.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $19.77.
Swift Energy (NYSE:SFY) traded down 5.54% during mid-day trading on Friday, hitting $12.96. 2,613,309 shares of the company’s stock traded hands. Swift Energy has a 52 week low of $10.99 and a 52 week high of $23.71. The stock has a 50-day moving average of $12.30 and a 200-day moving average of $12.62. The company has a market cap of $562.2 million and a price-to-earnings ratio of 21.24.
Swift Energy (NYSE:SFY) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.03. The company had revenue of $153.00 million for the quarter, compared to the consensus estimate of $150.60 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 18.8% on a year-over-year basis. Analysts expect that Swift Energy will post $0.72 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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