Jefferies Maintains a 'Buy' on Swift Energy (SFY); Raising Numbers on Q2 Review

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Jefferies maintains a 'Buy' on Swift Energy (NYSE: SFY) price target of $35.00 (from $37.00).

Analyst , Biju Z Perincheril , said, "Shares look attractive on P1 value ($26/shr on $95/$4 deck). As previewed, capex increase materialized. Oil production is growing again, although there is still a risk of 2H volumes falling short of forecast."

FY12 EPS estimate raised from $0.36 to $0.78 and FY13 from $1.19 to $1.59.

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 $21.23 yesterday, with a 52 week range of $14.62-$35.60.

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