Trade-Ideas LLC identified Southwest Gas ( SWX) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Southwest Gas as such a stock due to the following factors:

  • SWX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.8 million.
  • SWX has traded 1,712 shares today.
  • SWX is trading at a new lifetime high.

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More details on SWX:

Southwest Gas Corporation purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates in two segments, Natural Gas Operations and Construction Services. The stock currently has a dividend yield of 2.6%. SWX has a PE ratio of 25. Currently there are 3 analysts that rate Southwest Gas a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Southwest Gas has been 213,700 shares per day over the past 30 days. Southwest Gas has a market cap of $3.3 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.55 and a short float of 2.4% with 5.69 days to cover. Shares are up 25.9% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Southwest Gas as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 30.57% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SWX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Gas Utilities industry average. The net income increased by 4.8% when compared to the same quarter one year prior, going from $71.98 million to $75.45 million.
  • Net operating cash flow has increased to $312.65 million or 40.68% when compared to the same quarter last year. In addition, SOUTHWEST GAS CORP has also vastly surpassed the industry average cash flow growth rate of -19.92%.
  • The debt-to-equity ratio is somewhat low, currently at 0.87, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Despite the fact that SWX's debt-to-equity ratio is low, the quick ratio, which is currently 0.57, displays a potential problem in covering short-term cash needs.

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