Short Term Price Target on Southwest Gas Corporation (SWX)

Southwest Gas Corporation (NYSE:SWX) : Currently there are 4 street experts covering Southwest Gas Corporation (NYSE:SWX) stock. The most bullish and bearish price target for the stock is $73 and $62 respectively for the short term. The average price target of all the analysts comes to $66.75. The estimated standard deviation from the target is $5.62.

Shares of Southwest Gas Corporation rose by 5.28% in the last five trading days and 11.6% for the last 4 weeks. Southwest Gas Corporation is up 19.37% in the last 3-month period. Year-to-Date the stock performance stands at 44.6%. Also, Equity Analysts at the Argus Research downgrades the rating on Southwest Gas Corporation (NYSE:SWX). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 31, 2016.

Southwest Gas Corporation (NYSE:SWX) has an average broker rating of 2.43, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Southwest Gas Corporation (NYSE:SWX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.14 and $77.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.71, notching a gain of 2.65% for the day. The total traded volume was 8,465,826 . The stock had closed at $76.68 on the previous day.

In an insider trading activity, The officer (President and CEO), of Southwest Gas Corp, Hester John P had unloaded 2,000 shares at $75.03 per share in a transaction on June 21, 2016. The total value of transaction was $150,060. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Southwest Gas Corporation is engaged in the business of purchasing, distributing and transporting natural gas in Arizona, Nevada and California. The Company has two business segments: natural gas operations and construction services. The Company operates two pipeline transmission systems: a system, including a liquefied natural gas (LNG) storage facility owned by Paiute extending from the Idaho-Nevada border to the Reno, Sparks, and Carson City areas and communities in the Lake Tahoe area in both California and Nevada and other communities in northern and western Nevada, and a system extending from the Colorado River at the southern tip of Nevada to the Las Vegas distribution area. The natural gas operations segment includes acquiring and arranging delivery of natural gas to its system. The construction services segment consists of Centuri, which includes NPL Construction Co., Link-Line Contractors, W.S. Nicholls Construction and Brigadier Pipelines.

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