KeyBanc Capital Markets Initiates Swift Energy Coverage: Buy, $40 PT
KeyBanc Capital Markets initiated Swift Energy (NYSE: SFY) coverage with a Buy rating and $40 price target in a research report published Wednesday afternoon.
In the report, KeyBanc Capital Markets states, "We are initiating coverage of Swift Energy Company (SFY-NYSE) with a BUY rating and price target of $40.00 per share, given our view of relatively inexpensive valuation, repeatable liquids-rich growth opportunities from the Eagle Ford shale and ample upside to asset value given execution."
Shares of Swift Energy were trading at $27.61 in after-hours trading at the time of posting, up 0.67% from Wednesday's market close of $27.43.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.