UPDATE: Pritchard Capital Partners Decreases PT on Swift Energy to $32

According to a research report this morning, Pritchard Capital Partners deceases its PT on Swift Energy (NYSE: SFY) from $39 to $32 based on latest results and guidance along with lowered expectations.

Pritchard Capital Partners stated, “With 28% upside to our $32 target, we are maintaining our 'Buy' rating. Q3 12 could be a liquids driver with two Austin Chalk wells and a four well Eagle Ford pad coming online and with Lake Washington having had time to ramped up.”

Swift Energy closed yesterday at $25.