Jefferies Group upgraded Southwest Gas Corporation (NYSE:SWX) to Hold in a report released today.
- Updated: October 12, 2016
Jefferies Group has upgraded Southwest Gas Corporation (NYSE:SWX) to Hold in a statement released on 10/13/2016.
Boasting a price of $65.71, Southwest Gas Corporation (NYSE:SWX) traded 0.73% higher on the day. With the last stock price close down -6.70% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Southwest Gas Corporation has recorded a 50-day average of $69.68 and a two hundred day average of $70.94. Volume of trade was down over the average, with 21,786 shares of SWX changing hands under the typical 221,291
With a total market value of $0, Southwest Gas Corporation has price-earnings ratio of 21.62 with a one year low of $50.53 and a one year high of $79.58 .
A total of 4 equity analysts have released a research note on SWX. Two equity analysts rating the company a strong buy, one equity analyst rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $62.25.
Brief Synopsis About Southwest Gas Corporation (NYSE:SWX)
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). Its natural gas operations segment includes acquiring and arranging delivery of natural gas to its system in sufficient quantities. It acquires natural gas from various sources and a mix of purchase provisions, which includes spot market and firm supplies. Centuri is a full-service underground piping contractor that primarily provides utility companies with trenching and installation, replacement and maintenance services for energy distribution systems, and industrial construction solutions. Centuri operates through NPL Construction Co., Link-Line Contractors Ltd., W.S. Nicholls Construction, Inc. and related companies, and Brigadier Pipelines Inc.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.