Stock analysts at Barclays Capital dropped their target price on shares of Quicksilver Resources (NYSE:KWK) from $2.00 to $1.00 in a report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has an “underweight” rating on the stock. Barclays Capital’s target price would indicate a potential downside of 36.31% from the company’s current price.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Quicksilver Resources in a research note to investors on Thursday, May 23rd. They now have a $2.25 price target on the stock.
Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $1.92.
Shares of Quicksilver Resources (NYSE: KWK) remained flat at $1.57 during during mid-day trading trading on Wednesday. Quicksilver Resources has a one year low of $1.53 and a one year high of $5.97. The stock’s 50-day moving average is currently $1.83. The company’s market cap is $267.2 million.
Quicksilver Resources (NYSE:KWK) last released its earnings data on Tuesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.03. The company had revenue of $118.70 million for the quarter, compared to the consensus estimate of $147.66 million. During the same quarter last year, the company posted $0.09 earnings per share. Quicksilver Resources’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Quicksilver Resources will post $-0.11 EPS for the current fiscal year.
Quicksilver Resources Inc (NYSE: KWK) is an independent oil and gas company engaged primarily in the acquisition, exploration, development and production of onshore oil and gas in North America.
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