Energy Stocks to Buy: Swift Energy (SFY)
Swift Energy (SFY) is one of my favorite energy stocks right now — shares are simply too cheap at current levels. SFY stock is down 13% to start the year after losing 10% in 2013 as investors are not satisfied with the company’s transition from natural gas to oil and nat gas liquids production.
Swift Energy has extensive holdings in the Eagle Ford shale region, and the price of SFY doesn’t reflect the current value (much less the potential production) of these holdings. Swift Energy has been selling lower growth assets and using the cash to drill new wells and increase production from existing wells in the region.
SFY trades at just 50% of book value and is one of the most undervalued stocks in the energy sector right now.