NEW YORK (TheStreet) -- Shares of Swift Energy (SFY) - Get Report were falling 11.6% to $2.51 Thursday after the oil company missed analysts' estimates for earnings and revenue in the first quarter.

Swift Energy reported a loss of 83 cents a share for the first quarter, below analysts' estimates of a loss of 74 cents a share for the quarter. Revenue fell 52.6% year over year to $68.33 million for the quarter, below analysts' estimates of $69.21 million.

The oil company said it produced 3.06 million barrels of oil equivalent (boe) in the first quarter, up 4% from 2.94 million boe in the year-ago quarter. Swift Energy realized an aggregate average price of $21.99 a barrel in the quarter, down from $50.62 a barrel in the year-ago quarter.

Swift Energy expects to produce 2.75 million to 2.8 million boe in the second quarter based on its capital expenditure forecast of $35 million to $40 million in the second quarter.

TST Recommends

TheStreet Ratings team rates SWIFT ENERGY CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate SWIFT ENERGY CO (SFY) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."

You can view the full analysis from the report here: SFY Ratings Report

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