NEW YORK (TheStreet) -- Southwestern Energy (SWN) fell 4.15% to $41.35, down $1.79 from its previous close of $43.14, at the close of the trading day on Friday despite the company's report of fourth-quarter earnings that beat analysts' expectations.
The company reported a profit of $144.5 million, or 41 cents a share, up from a loss of $355.6 million, or $1.02 a share, in the same period one year earlier. Adjusted profit increased to 54 cents from 45 cents, excluding tax items, derivatives and significant impairment charge from the period one year earlier tied to low natural gas prices. Operating revenue spiked 17% to $907.1 million.
This beat the consensus estimate of earnings per share of 53 cents on revenue of $865.5 million, according to analysts polled by Thomson Reuters.
The stock had a volume of 11,346,877, well above its average of 3,795,890. It hit a high of $41.69 and a low of $40.30 on Friday. The stock has a one-year high of $44.40 and a one-year low of $33.89.
TheStreet Ratings team rates SOUTHWESTERN ENERGY CO as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate SOUTHWESTERN ENERGY CO (SWN) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."