Canaccord Genuity Reiterates a 'Buy' on Swift Energy (SFY); Positive Analyst Day
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Price: $152.66 +0.30%
Rating Summary:
7 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 9 | New: 13
Rating Summary:
7 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 9 | New: 13
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Canaccord Genuity reiterates a 'Buy' on Swift Energy (NYSE: SFY) price target raised to $46.
Analyst, Marcus Talbert, said, "We are reiterating our rating and raising our price target based on Swift’s balanced portfolio of liquids targets and achievable growth objectives in ‘12. We believe the market is overly discounting the company’s execution capabilities; we also think there are asset misperceptions relating to the South Texas position. In our view, the company’s '11 testing and preparation efforts have positioned its assets for a cost-efficient development ramp in ’12. We believe SFY is now poised to outperform based on improving capital productivity in the South Texas trends and resource accretion catalysts in the Austin Chalk."
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 $31.50 yesterday.
Analyst, Marcus Talbert, said, "We are reiterating our rating and raising our price target based on Swift’s balanced portfolio of liquids targets and achievable growth objectives in ‘12. We believe the market is overly discounting the company’s execution capabilities; we also think there are asset misperceptions relating to the South Texas position. In our view, the company’s '11 testing and preparation efforts have positioned its assets for a cost-efficient development ramp in ’12. We believe SFY is now poised to outperform based on improving capital productivity in the South Texas trends and resource accretion catalysts in the Austin Chalk."
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 $31.50 yesterday.
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