Somewhat Positive News Coverage Somewhat Unlikely to Affect Southwest Gas Corporation (SWX) Share Price
News headlines about Southwest Gas Corporation (NYSE:SWX) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Southwest Gas Corporation earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 45.8712488764014 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts have weighed in on SWX shares. BidaskClub raised Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC raised Southwest Gas Corporation from an “underperform” rating to a “hold” rating and lifted their target price for the company from $68.00 to $70.00 in a research report on Wednesday, July 12th. KeyCorp reaffirmed a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, September 1st. Finally, Zacks Investment Research raised Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $80.50.
Southwest Gas Corporation (SWX) opened at 80.48 on Friday. The firm has a market capitalization of $3.83 billion, a P/E ratio of 24.92 and a beta of 0.62. Southwest Gas Corporation has a 52-week low of $64.26 and a 52-week high of $86.65. The firm has a 50-day moving average price of $80.06 and a 200 day moving average price of $80.31.
Southwest Gas Corporation (NYSE:SWX) last released its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $560.50 million for the quarter, compared to the consensus estimate of $564.84 million. Southwest Gas Corporation had a return on equity of 9.09% and a net margin of 6.46%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.19 EPS. Analysts forecast that Southwest Gas Corporation will post $3.43 EPS for the current year.
In other news, SVP Karen S. Haller sold 1,300 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $80.95, for a total value of $105,235.00. Following the completion of the sale, the senior vice president now owns 26,639 shares in the company, valued at $2,156,427.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kenneth J. Kenny sold 600 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $80.90, for a total value of $48,540.00. Following the completion of the sale, the vice president now owns 17,137 shares of the company’s stock, valued at approximately $1,386,383.30. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by company insiders.
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Southwest Gas Corporation Company Profile
Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. 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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