November 18, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Swift Energy Company (NYSE:SFY) shares over potential securities laws violations by Swift Energy and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Swift Energy Company (NYSE:SFY) concerning whether a series of statements by Swift Energy regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Swift Energy Company reported that its annual Total Revenue rose from $557.29 million in 2012 to $587.71 million in 2013 while its Net Income of $20.94 million fell to a Net Loss of $19.03 million in 2013.


On November 11, 2014, Swift Energy Company (NYSE:SFY)announced that as a result of an error in the model used to determine historical ceiling test write-downs by including the tax effect of asset retirement obligations, it will restate financial results contained in its 2013 Form 10-K Annual Report and 2014 Form 10-Q quarterly reports, as applicable, filed for periods ended December 31, 2013, March 31, 2014, and June 30, 2014.

On Shares of Swift Energy Company (NYSE:SFY) declined from $34.73 per share in February 2012 to as low as $5.86 per share on November 12, 2014.