Canaccord Genuity Reiterates a 'Buy' on Swift Energy (SFY); Parking Gas Assets to Focus on Higher-Quality Opportunities

Canaccord Genuity reiterates a 'Buy' on Swift Energy (NYSE: SFY) price target lowered to $43.

Analyst, Marcus Talbert, said, "We are reiterating our rating, although lowering our target price based on Swift’s latest financial results and project updates. We are constructive on the company’s ability to execute against achievable liquids growth objectives in ‘12. We think the transition to liquids specific development this year is appropriate and should drive improving capital productivity measures. We believe the market is overly discounting the company’s execution capabilities and asset misperceptions relating to the Eagle Ford position. In our view, there a meaningful near-term catalysts to address these concerns and narrow the valuation gap to the peer group (Eagle Ford liquids ramp/Austin Chalk resource accretion)."

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 $33.21 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• DA Davidson Reiterates Buy Rating on Box, Inc. (BOX) on Secular Tailwinds for Demand
• Cummins (CMI) PT Lowered to $675 at Jefferies