Quicksilver Resources (KWK) to Release Quarterly Earnings on Tuesday
Quicksilver Resources (NYSE:KWK) will be announcing its earnings results on Tuesday, May 6th. Investors that wish to register for the company’s conference call can do so using this link.
Quicksilver Resources (NYSE:KWK) last announced its earnings results on Friday, March 14th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). The company had revenue of $112.00 million for the quarter, compared to the consensus estimate of $116.87 million. During the same quarter last year, the company posted ($0.01) earnings per share. Quicksilver Resources’s revenue was down 49.0% compared to the same quarter last year. On average, analysts expect Quicksilver Resources to post $-0.25 EPS for the current fiscal year and $-0.32 EPS for the next fiscal year.
Shares of Quicksilver Resources (NYSE:KWK) opened at 3.33 on Monday. Quicksilver Resources has a 1-year low of $1.44 and a 1-year high of $3.67. The stock has a 50-day moving average of $2.81 and a 200-day moving average of $2.8. The company has a market cap of $571.5 million and a price-to-earnings ratio of 3.60. Quicksilver Resources also was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 46,211,560 shares, a decline of 6.8% from the March 31st total of 49,598,522 shares. Based on an average daily trading volume, of 2,695,339 shares, the days-to-cover ratio is presently 17.1 days. Approximately 37.5% of the company’s shares are sold short.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Quicksilver Resources from $1.50 to $3.00 in a research note on Friday, March 28th. Analysts at Zacks reiterated a “neutral” rating on shares of Quicksilver Resources in a research note on Thursday, March 6th. They now have a $3.25 price target on the stock.
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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