Global Hunter Securities Maintains a 'Buy' on Swift Energy (SFY); Cutting PT As Q1 Misses
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Price: $17.97 -0.28%
Rating Summary:
7 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
7 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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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.
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.
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