NEW YORK (TheStreet) -- Shares of EXCO Resources Inc  (XCO) are higher by 1.32% to $1.91 on heavy volume in afternoon trading Wednesday, following the oil and gas company's mixed first quarter earnings release.

EXCO posted earnings above the consensus estimate, but revenue fell below analysts' expectations. Yesterday, the company reported a loss of 7 cents per share on revenue of $86.3 million for the period.

The consensus estimate called for a loss of 9 cents per share on revenue of $99.10 million for the first quarter, according to analysts polled by Thomson Reuters.

About 5.05 million share of EXCO have exchanged hands as of 3:42 p.m. ET today, compared to its average trading volume of about 3.91 million shares.

Dallas, TX-based XCO Resources is an independent oil and natural gas company engaged in the exploration, exploitation, development and production of onshore oil and natural gas properties with a focus on shale resource plays. 

Separately, TheStreet Ratings team rates EXCO RESOURCES INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EXCO RESOURCES INC (XCO) a SELL. This is driven by multiple weaknesses, 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, weak operating cash flow and generally disappointing historical performance in the stock itself."

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

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