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UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Swift Energy Company

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In a report published Friday, Jefferies & Company reiterated its Buy rating of Swift Energy Company (NYSE: SFY), but lowered its price target from $35.00 to $25.00.

Jefferies noted, ā€œShares look attractive on P1 value ($25/shr on $95/$4 deck). P1 falls to $16 at $85 oil. Uncertainty over '13 capex/production could continue to be headwind, however.ā€

Swift Energy Company closed on Thursday at $15.56.

Latest Ratings for SFY

DateFirmActionFromTo
Dec 2015Wells FargoDowngradesMarket PerformUnderperform
Sep 2015RBC CapitalDowngradesOutperformSector Perform
Jul 2015KeyBancDowngradesOverweightSector Weight

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