Insider Selling: Thomas F. Darden Sells 5,000 Shares of Quicksilver Resources Stock (KWK)
Quicksilver Resources (NYSE:KWK) Director Thomas F. Darden unloaded 5,000 shares of Quicksilver Resources stock on the open market in a transaction dated Friday, June 20th. The stock was sold at an average price of $3.00, for a total value of $15,000.00. Following the transaction, the director now directly owns 5,545,704 shares of the company’s stock, valued at approximately $16,637,112. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Quicksilver Resources (NYSE:KWK) traded down 5.43% during mid-day trading on Tuesday, hitting $2.61. The stock had a trading volume of 4,761,698 shares. Quicksilver Resources has a 52-week low of $1.44 and a 52-week high of $3.67. The stock has a 50-day moving average of $2.56 and a 200-day moving average of $2.89. The company has a market cap of $453.0 million and a P/E ratio of 3.00.
Quicksilver Resources (NYSE:KWK) last released its 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. Analysts expect that Quicksilver Resources will post $-0.28 EPS for the current fiscal year.
KWK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Quicksilver Resources in a research note on Tuesday. They now have a $3.00 price target on the stock. Finally, 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 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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