Fri, Jul 11, 2014, 10:09 AM EDT - U.S. Markets close in 5 hrs 51 mins

Recent

% | $
Quotes you view appear here for quick access.

Swift Energy Co. Message Board

  • aruba270155 aruba270155 Feb 21, 2013 6:37 AM Flag

    q4 RESULTS

    Swift Energy misses by $0.03, beats on revs (14.34 )

    Reports Q4 (Dec) earnings of $0.26 per share, $0.03 worse than the Capital IQ Consensus Estimate of $0.29; revenues rose 1.8% year/year to $157.9 mln vs the $149.82 mln consensus. Fourth Quarter adjusted cash flow of $91.4 million, or $2.13 per diluted share

    Production:

    Co produced 3.11 million barrels of oil equivalent during the fourth quarter of 2012, a 15% increase over fourth quarter 2011 production, and an 8% sequential increase compared to third quarter 2012 production of 2.87 MMBoe.
    Oil and natural gas proved reserve estimates at year-end 2012 of 192.1 MMBoe were 20% higher than 2011 year-end proved reserve estimates of 159.6 MMBoe. Crude oil and natural gas liquids comprised approximately 48% of year-end 2012 proved reserves, up significantly from the approximate 36% of total proved reserves at year-end 2011.
    This record level of year-end proved reserves for the Company is primarily due to its 2012 drilling program in the liquids rich portions of its South Texas core area.
    Reserve Estimates co's year-end 2012 estimate of proved reserves as of December 31, 2012 was 192.1 MMBoe, 20% higher than 2011 year-end proved reserves of 159.6 MMBoe.
    These year-end 2012 proved reserves are 48% crude oil and natural gas liquids and 34% proved developed.

    2013 Company Guidance

    Co currently plans to balance its 2013 capital expenditures with its operating cash flow and available bank line.
    Current 2013 spending plans are budgeted at $440 million to $480 million in total capital expenditures
    targeting production up to 3% over 2012 levels and proved reserves to increase 7% to 12%, over year-end 2012 quantities with a focus on oil and liquid rich opportunities.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
SFY
12.15-0.23(-1.86%)10:08 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.