Global Hunter Securities Maintains a 'Buy' on Swift Energy (SFY); Cutting PT As Q1 Misses

May 4, 2012 9:43 AM EDT
Get Alerts SFY Hot Sheet
Price: $0.16 --0%

Rating Summary:
    8 Buy, 9 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 1 | Down: 2 | New: 3
Trade SFY Now!
Join SI Premium – FREE
Global Hunter Securities maintains a 'Buy' on Swift Energy (NYSE: SFY) price target cut from $51 to $37.

Analyst, Dan Morrison, said, "Swift's Q1 2012 results were below because of two primary culprits: lower realized liquids prices and unexpected cost overruns. Swift's Q1 capex was also much higher than guided, which likely made some investors jittery. Management's 2012-2013 plans still seem to be intact and focused, though as was the case last year, they're facing some headwinds, both within and beyond its control. We remain bullish on Swift's prospects overall this year, but would be more cautious as to how well they can bring the plan to fruition."

For an analyst ratings summary and ratings history on Swift Energy click here. For more ratings news on Swift Energy click here.

Shares of Swift Energy closed at $26.35 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Add Your Comment