Headlines about Southwest Gas Corporation (NYSE:SWX) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, 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 headlines about the utilities provider an impact score of 46.2704927880165 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s rankings:
- Insider Selling: Southwest Gas Corporation (NYSE:SWX) VP Sells 600 Shares of Stock (americanbankingnews.com)
- Karen S. Haller Sells 1,300 Shares of Southwest Gas Corporation (NYSE:SWX) Stock (americanbankingnews.com)
- Southwest Gas Holdings’ (SWX) CEO John Hester on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Investor Network: Southwest Gas Holdings, Inc. to Host Earnings Call (finance.yahoo.com)
Southwest Gas Corporation (NYSE:SWX) opened at 81.15 on Friday. The firm has a 50-day moving average of $77.91 and a 200 day moving average of $80.68. Southwest Gas Corporation has a one year low of $64.26 and a one year high of $86.65. The stock has a market capitalization of $3.86 billion, a PE ratio of 25.12 and a beta of 0.60.
Southwest Gas Corporation (NYSE:SWX) last released its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The business had revenue of $560.50 million during the quarter, compared to analyst estimates of $564.84 million. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. On average, equities research analysts anticipate that Southwest Gas Corporation will post $3.38 earnings per share for the current fiscal year.
Several brokerages have issued reports on SWX. BidaskClub cut shares of Southwest Gas Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC raised shares of Southwest Gas Corporation from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $68.00 to $70.00 in a report on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $80.50.
In related news, SVP Karen S. Haller sold 1,300 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth J. Kenny sold 600 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were 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.
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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