Shares of Southwest Gas Corp. (NYSE:SWX) traded down 2.4% during mid-day trading on Friday . The company traded as low as $70.26 and last traded at $70.36, with a volume of 108,356 shares. The stock had previously closed at $72.12.

A number of analysts recently issued reports on the stock. Jefferies Group downgraded shares of Southwest Gas Corp. from a “hold” rating to an “underperform” rating and set a $64.00 price target on the stock. in a report on Monday, July 25th. Citigroup Inc. increased their price objective on shares of Southwest Gas Corp. from $62.00 to $79.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Argus downgraded shares of Southwest Gas Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Finally, Zacks Investment Research downgraded shares of Southwest Gas Corp. from a “hold” rating to a “sell” rating in a report on Thursday, May 12th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $71.25.

The company’s 50 day moving average price is $75.31 and its 200 day moving average price is $69.21. The firm has a market capitalization of $3.34 billion and a price-to-earnings ratio of 22.98.

Southwest Gas Corp. (NYSE:SWX) last announced its earnings results on Monday, August 8th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business earned $547.70 million during the quarter, compared to analyst estimates of $559.21 million. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts anticipate that Southwest Gas Corp. will post $3.15 EPS for the current fiscal year.

In other news, CAO Gregory J. Peterson sold 1,800 shares of Southwest Gas Corp. stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $70.07, for a total value of $126,126.00. Following the transaction, the chief accounting officer now directly owns 13,817 shares of the company’s stock, valued at approximately $968,157.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Eric Debonis sold 600 shares of Southwest Gas Corp. stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $72.99, for a total transaction of $43,794.00. Following the completion of the transaction, the senior vice president now directly owns 19,694 shares in the company, valued at $1,437,465.06. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Southwest Gas Corp. stock. New York State Common Retirement Fund raised its position in shares of Southwest Gas Corp. (NYSE:SWX) by 2.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,800 shares of the company’s stock after buying an additional 1,000 shares during the period. New York State Common Retirement Fund owned about 0.09% of Southwest Gas Corp. worth $2,416,000 at the end of the most recent quarter.

Southwest Gas Corporation is engaged in the business of purchasing, distributing and transporting natural gas in Arizona, Nevada and California. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc, (Centuri).

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