KeyBanc Starts Swift Energy (SFY) at Buy; Resource Transition Sets Stage for Repeatable Growth
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Price: $154.64 -0.29%
Rating Summary:
7 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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KeyBanc initiates coverage on Swift Energy (NYSE: SFY) with a Buy. PT $40.00.
KeyBanc analyst says, "We view SFY as an organization that remains in transition from a conventional-focused oil producer along the Gulf Coast to a growth-oriented resource operator through the exploitation of the Eagle Ford. Further, we believe that 2012 will demonstrate SFY's climb up the learning curve in the play and show a positive inflection in operational efficiencies that should allow the Company to meet or beat its 2012 production growth guidance of 20-25% and deliver results that will be more in line with future activities, all without impact to a pre-funded balance sheet. Given the high degree of volatility that we see for most of our coverage universe, we favor names such as SFY that are achieving solid double-digit growth that is liquids-oriented and without detriment to the balance sheet."
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 $27.43 yesterday.
KeyBanc analyst says, "We view SFY as an organization that remains in transition from a conventional-focused oil producer along the Gulf Coast to a growth-oriented resource operator through the exploitation of the Eagle Ford. Further, we believe that 2012 will demonstrate SFY's climb up the learning curve in the play and show a positive inflection in operational efficiencies that should allow the Company to meet or beat its 2012 production growth guidance of 20-25% and deliver results that will be more in line with future activities, all without impact to a pre-funded balance sheet. Given the high degree of volatility that we see for most of our coverage universe, we favor names such as SFY that are achieving solid double-digit growth that is liquids-oriented and without detriment to the balance sheet."
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 $27.43 yesterday.
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