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Shares of Quicksilver Resources (NYSE:KWK) were the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 43,338,312 shares, a decrease of 6.2% from the April 15th total of 46,211,560 shares, Analyst Ratings Network reports. Currently, 34.7% of the shares of the company are sold short. Based on an average daily volume of 4,634,172 shares, the days-to-cover ratio is presently 9.4 days.

A number of research firms have recently commented on KWK. Analysts at Zacks reiterated a “neutral” rating on shares of Quicksilver Resources in a research note on Wednesday, May 7th. They now have a $3.00 price target on the stock. Separately, 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.

Quicksilver Resources (NYSE:KWK) opened at 2.31 on Monday. Quicksilver Resources has a one year low of $1.44 and a one year high of $3.67. The stock has a 50-day moving average of $2.83 and a 200-day moving average of $2.89. The company has a market cap of $400.9 million and a P/E ratio of 2.61.

Quicksilver Resources (NYSE:KWK) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.02. The company had revenue of $91.79 million for the quarter, compared to the consensus estimate of $105.26 million. During the same quarter last year, the company posted ($0.04) earnings per share. Quicksilver Resources’s revenue was up NaN% compared to the same quarter last year. On average, analysts predict that Quicksilver Resources will post $-0.28 earnings per share 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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