Southwest Gas - SWX Stock Forecast, Price & News

Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SWX. Wells Fargo & Company decreased their price target on Southwest Gas from $101.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday. StockNews.com lowered shares of Southwest Gas from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, Argus upgraded shares of Southwest Gas from a "hold" rating to a "buy" rating and set a $100.00 price objective for the company in a research note on Thursday, June 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $91.33.

Southwest Gas Stock Performance

Shares of SWX Stock traded down $0.17 during trading hours on Thursday, hitting $75.52. 467,076 shares of the company were exchanged, compared to its average volume of 494,144. The firm has a fifty day simple moving average of $85.90 and a 200 day simple moving average of $81.42. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.31. Southwest Gas has a 52-week low of $62.58 and a 52-week high of $95.62. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 3.47 and a beta of 0.13.

Southwest Gas (NYSE:SWX - Get Rating) last issued its quarterly earnings results on Monday, May 9th. The utilities provider reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.28). Southwest Gas had a return on equity of 7.15% and a net margin of 3.37%. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.06 billion. Research analysts predict that Southwest Gas will post 4.52 earnings per share for the current fiscal year.

Insider Transactions at Southwest Gas

In related news, SVP Eric Debonis sold 3,000 shares of Southwest Gas stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $92.81, for a total value of $278,430.00. Following the completion of the transaction, the senior vice president now directly owns 12,765 shares in the company, valued at approximately $1,184,719.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Eric Debonis sold 3,000 shares of Southwest Gas stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $92.81, for a total value of $278,430.00. Following the completion of the transaction, the senior vice president now directly owns 12,765 shares in the company, valued at approximately $1,184,719.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lori L. Colvin sold 675 shares of Southwest Gas stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $92.74, for a total transaction of $62,599.50. Following the completion of the transaction, the chief accounting officer now owns 3,188 shares of the company's stock, valued at $295,655.12. The disclosure for this sale can be found here. Insiders sold a total of 8,578 shares of company stock worth $794,112 in the last quarter. Insiders own 0.79% of the company's stock.