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

In a report published Monday, Jefferies analyst Biju Z. Perincheril reiterated a Buy rating on Swift Energy Company

, but lowered the price target from $25.00 to $17.00. In the report, Perincheril noted, “SFY looks attractive on valuation, trading at a 30% discount to our NAV. However, execution has been disappointing and we see potential risk to current year production and capex forecasts. Potentially improving well results in Eagle Ford could be a catalyst.” Swift Energy Company closed on Friday at $13.05.