Analyst Rating Update on This Canadian Energy Stock
In a report released yesterday, Sarah Akers from Wells Fargo maintained a Sell rating on Southwest Gas (SWX). The company’s shares closed last Monday at $69.30.
According to TipRanks.com, Akers is a 4-star analyst with an average return of 8.2% and a 70.6% success rate. Akers covers the Utilities sector, focusing on stocks such as South Jersey Industries, Chesapeake Utilities, and Centerpoint Energy.
Currently, the analyst consensus on Southwest Gas is a Hold with an average price target of $73.33.
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The company has a one-year high of $92.94 and a one-year low of $45.68. Currently, Southwest Gas has an average volume of 331.5K.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SWX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
uthwest Gas Holdings, Inc. engages in the energy business. It operates through the following segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment purchases, distributes, and transports natural gas in Arizona, California, and Nevada. The Utility Infrastructure Services segment enterprise to delivering a diverse array of solutions to North America’s gas and electric providers. The company was founded in March 1931 and is headquartered in Las Vegas, NV.