News stories about Southwest Gas Corporation (NYSE:SWX) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southwest Gas Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.2370175897063 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Head to Head Review: ONE Gas (OGS) versus Southwest Gas Corporation (SWX) (americanbankingnews.com)
- Reviewing Chesapeake Utilities Corporation (CPK) & Southwest Gas Corporation (SWX) (americanbankingnews.com)
- Southwest Gas Corporation (SWX) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Southwest Gas Holdings, Inc. breached its 50 day moving average in a Bearish Manner : SWX-US : September 14, 2017 (finance.yahoo.com)
- Southwest Gas Holdings, Inc. : SWX-US: Dividend Analysis : August 15th, 2017 (record date) : By the numbers : September 14, 2017 (finance.yahoo.com)
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub cut shares of Southwest Gas Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Jefferies Group LLC upgraded shares of Southwest Gas Corporation from an “underperform” rating to a “hold” rating and upped their price target for the company from $68.00 to $70.00 in a research report on Wednesday, July 12th. Finally, KeyCorp restated a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Southwest Gas Corporation presently has a consensus rating of “Hold” and an average price target of $80.50.
Southwest Gas Corporation (NYSE SWX) opened at 78.05 on Friday. The firm has a 50-day moving average of $80.01 and a 200 day moving average of $80.13. The firm has a market capitalization of $3.71 billion, a PE ratio of 24.16 and a beta of 0.62. Southwest Gas Corporation has a 12 month low of $64.26 and a 12 month high of $86.65.
Southwest Gas Corporation (NYSE:SWX) last issued its earnings results on Monday, August 7th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate 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 company had revenue of $560.50 million for the quarter, compared to the consensus estimate of $564.84 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts forecast that Southwest Gas Corporation will post $3.43 earnings per share for the current year.
In related 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 transaction, the senior vice president now directly owns 26,639 shares of the company’s stock, valued at $2,156,427.05. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 in the company, valued at $1,386,383.30. The disclosure for this sale can be found here. 0.99% of the stock is owned by 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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