Zacks Investment Research downgraded Southwest Gas Corporation (NYSE:SWX) to Sell in a report released today.
- Updated: September 15, 2016
Zacks Investment Research has downgraded Southwest Gas Corporation(NYSE:SWX) to Sell in a statement released on 9/13/2016.
Yesterday Southwest Gas Corporation (NYSE:SWX) traded 0.32% higher at $69.63. SWX’s 50-day moving average is $72.45 and its two hundred day moving average is $70.19. With the last close down 2.33% from the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same time. 251,129 shares of SWX traded, down from ann avg. trading volume of 388,612.
Recent Performance Chart:
With a market capitalization of $0.0, Southwest Gas Corporation has a PE of 22 with a 52 week low of $50.53 and a one-year high of $79.58.
In addition to Zacks Investment Research reporting it’s stock price target, a total of 4 analysts have released a ratings update on Southwest Gas Corporation. The one year target is $62.25 with two firms rating the company a strong buy, one analyst rating the stock a buy, four analyts rating the stock a hold, 0 rating the stock to underperform, and lastly 0 firmsrating the stock as sell.
General Information 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 and Brigadier Pipelines Inc.
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