Brean Murray Carret & Co. Starts Swift Energy (SFY) at Buy; Bottoms-Up Production Model Forecasts 26% Growth in 2011
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Price: $151.14 --0%
Rating Summary:
7 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 23
Rating Summary:
7 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 23
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Brean Murray Carret & Co. initiates coverage on Swift Energy (NYSE: SFY) with a Buy. PT $54.00.
Brean analyst says, "We expect the company to issue a 2011 production growth forecast of 26% on Thursday before the open, compared with its most recently issues guidance of 31%. Our conclusion is based on our bottoms-up production model, which assumes 50 days of downtime for the Meritage pipeline."
For more ratings news on Swift Energy click here and for the rating history of Swift Energy click here.
Shares of Swift Energy closed at $30.62 yesterday.
Brean analyst says, "We expect the company to issue a 2011 production growth forecast of 26% on Thursday before the open, compared with its most recently issues guidance of 31%. Our conclusion is based on our bottoms-up production model, which assumes 50 days of downtime for the Meritage pipeline."
For more ratings news on Swift Energy click here and for the rating history of Swift Energy click here.
Shares of Swift Energy closed at $30.62 yesterday.
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