Swift Energy Company (NYSE:SFY)
CAPS Rating:
The Company is engaged in developing, exploring, acquiring and operating oil and gas properties, with a focus on oil and natural gas reserves onshore and in the inland waters of Louisiana and Texas and onshore in New Zealand.
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this stock is an oil and natural gas play but has lagged in performance to others in the group. the PE ratio is very low at 10 and the future looking PE is even lower around 5 based on estimated earnings this year. Earning estimates have been increasing the last couple months. Yes the price of oil is a threat to the stock as well as hurricanes affecting the gulf coast where a lot of Swift's rigs and production is. They were hit by production losses during Hurricane Katrina. But none of their rigs were impacted so their assets were left intact. Compared to other energy companies with similar proven reserves and annual revenue the market cap of Swift is a lot lower. Swift has invested for the future not for only for today and I think it will be a good stock to own.