NEW YORK (
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Highlights from the ratings report include:
- SFY's revenue growth has slightly outpaced the industry average of 25.1%. Since the same quarter one year prior, revenues rose by 34.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The gross profit margin for SWIFT ENERGY CO is currently very high, coming in at 74.50%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 13.20% is above that of the industry average.
- Net operating cash flow has increased to $84.54 million or 29.57% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -18.34%.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 100.3% when compared to the same quarter one year prior, rising from $10.30 million to $20.64 million.
Swift Energy Company engages in acquiring, exploring, developing, and operating oil and natural gas properties. It focuses on inland waters and onshore oil and natural gas reserves in Louisiana and Texas. The company has a P/E ratio of 19.9, above the average energy industry P/E ratio of 15.8 and above the S&P 500 P/E ratio of 17.7. Swift Energy has a market cap of $1.38 billion and is part of the
industry. Shares are up 11.7% year to date as of the close of trading on Friday.
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-- Written by a member of TheStreet RatingsStaff