The firm said it downgraded its rating for the company, which is involved in developing, exploring, acquiring and operating oil and natural gas properties, based on its 2014 first quarter results.
Swift Energy reported net income for the most recent quarter was $5.4 million, or 12 cents per diluted share, compared to $7.2 million, or 17 cents per diluted share from the year ago quarter.
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Revenue for the 2014 first quarter increased 1% to $148.6 million from $146.5 million for the 2013 first quarter.
Swift Energy stock is up 10.97% to $12.14.
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 generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself, deteriorating net income and feeble growth in its earnings per share."