Southwest Gas Corporation (SWX) Earning Somewhat Positive Press Coverage, Study Shows
Media coverage about Southwest Gas Corporation (NYSE:SWX) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southwest Gas Corporation earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.0583211787785 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
SWX has been the subject of several research reports. Jefferies Group LLC reiterated a “sell” rating and issued a $68.00 target price on shares of Southwest Gas Corporation in a research report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, April 22nd. Finally, BidaskClub lowered shares of Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Southwest Gas Corporation presently has an average rating of “Hold” and a consensus price target of $80.50.
Shares of Southwest Gas Corporation (NYSE:SWX) opened at 78.73 on Friday. Southwest Gas Corporation has a 1-year low of $64.26 and a 1-year high of $86.65. The firm has a 50-day moving average of $78.68 and a 200 day moving average of $80.70. The company has a market capitalization of $3.75 billion, a P/E ratio of 24.37 and a beta of 0.60.
Southwest Gas Corporation (NYSE:SWX) last issued 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. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. The business had revenue of $560.50 million during the quarter, compared to analysts’ expectations of $564.84 million. During the same period last year, the company posted $0.19 EPS. The business’s revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that Southwest Gas Corporation will post $3.42 EPS for the current year.
In other Southwest Gas Corporation news, SVP Karen S. Haller sold 1,300 shares of Southwest Gas Corporation stock in a transaction on Friday, August 11th. The shares were sold at an average price of $80.95, for a total value of $105,235.00. Following the completion of the transaction, the senior vice president now directly owns 26,639 shares of the company’s stock, valued at approximately $2,156,427.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth J. Kenny sold 600 shares of Southwest Gas Corporation stock in a transaction on Friday, August 11th. The stock was sold at an average price of $80.90, for a total transaction of $48,540.00. Following the completion of the transaction, the vice president now directly owns 17,137 shares of the company’s stock, valued at $1,386,383.30. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.
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About Southwest Gas Corporation
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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