We could get a heck of a short covering rally on SFY if the company delivers the solid 3rd quarter results that I am expecting. My earnings per share forecast is now slightly over what First Call is showing . I think the stock will move higher if they hit my production forecast of 32,000 boepd for the quarter. That would be ~1,500 boepd increase over Q2.
Read this: http://finance.yahoo.com/news/worry-sho ... 15743.html
A major catalyst will be if they announce a buyer for their central Louisiana asset package. A good selling price will allow Swift to accelerate their Eagle Ford drilling program.
SFY is trading today for just 2X my 2013 cash flow per share forecast.
First Call's Price Target is $18.00/share, which is way below my Fair Value Estimate.
Swift Energy (SFY)
Swift Energy (SFY)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Swift Energy (SFY)
Oct 22: Global Hunter Securities upgraded SFY to a BUY.
On Oct 4, Zacks Investment Research upgraded Swift Energy Co. (SFY) to a Zacks #1 Rank (Strong Buy).
Why the Upgrade?
Swift Energy witnessed a year-over-year 122% increase in earnings during the second quarter on the back of higher natural gas prices in 2013 as well as higher oil and NGL production volumes. The company’s enhanced guidance for fiscal 2013 further emphasizes its future growth plans. Moreover, this well-known oil and gas company delivered positive earnings surprises in 3 of the last 4 quarters with an average beat of 62.6%. The long-term expected earnings growth rate for this stock is 11.4%
Swift Energy reported fiscal second-quarter (ended Jun 30) results on Aug 1. Adjusted earnings per share came in at 15 cents, surpassing the Zacks Consensus Estimate of 8 cents and year-ago earnings of 7 cents by 87.5% and 114.3%, respectively.
Earnings were primarily aided by top-line growth of about 6.0% and 4% decrease in general and administrative expense.
Based on its progress, the company is aiming at production growth of 3%, while reserves are expected to increase in the range of 7–12%, over fiscal 2012.
The Zacks Consensus Estimate for fiscal 2013 increased 32.6% to 64 cents per share as all the estimates were revised higher over the last 60 days. For fiscal 2014 also all the estimates were revised higher over the same time frame, lifting the Zacks Consensus Estimate by 6.5% to 68 cents per share.
On Oct 4, Zacks Investment Research upgraded Swift Energy Co. (SFY) to a Zacks #1 Rank (Strong Buy).
Why the Upgrade?
Swift Energy witnessed a year-over-year 122% increase in earnings during the second quarter on the back of higher natural gas prices in 2013 as well as higher oil and NGL production volumes. The company’s enhanced guidance for fiscal 2013 further emphasizes its future growth plans. Moreover, this well-known oil and gas company delivered positive earnings surprises in 3 of the last 4 quarters with an average beat of 62.6%. The long-term expected earnings growth rate for this stock is 11.4%
Swift Energy reported fiscal second-quarter (ended Jun 30) results on Aug 1. Adjusted earnings per share came in at 15 cents, surpassing the Zacks Consensus Estimate of 8 cents and year-ago earnings of 7 cents by 87.5% and 114.3%, respectively.
Earnings were primarily aided by top-line growth of about 6.0% and 4% decrease in general and administrative expense.
Based on its progress, the company is aiming at production growth of 3%, while reserves are expected to increase in the range of 7–12%, over fiscal 2012.
The Zacks Consensus Estimate for fiscal 2013 increased 32.6% to 64 cents per share as all the estimates were revised higher over the last 60 days. For fiscal 2014 also all the estimates were revised higher over the same time frame, lifting the Zacks Consensus Estimate by 6.5% to 68 cents per share.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Swift Energy (SFY)
Swift Energy Company (SFY): An updated Net Income & Cash Flow Forecast has been posted under the Watch List Tab.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group