Insider Selling: Quicksilver Resources Director Unloads 10,000 Shares of Stock (KWK)
Quicksilver Resources (NYSE:KWK) Director Thomas F. Darden sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $2.59, for a total value of $25,900.00. Following the completion of the sale, the director now directly owns 5,535,704 shares in the company, valued at approximately $14,337,473. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 Tuesday, June 24th. They now have a $3.00 price target on the stock.
Shares of Quicksilver Resources (NYSE:KWK) remained flat at $2.56 during during mid-day trading trading on Thursday. 1,007,894 shares of the company’s stock traded hands. Quicksilver Resources has a 1-year low of $1.44 and a 1-year high of $3.67. The stock’s 50-day moving average is $2.54 and its 200-day moving average is $2.87. The company has a market cap of $444.3 million and a price-to-earnings ratio of 2.78.
Quicksilver Resources (NYSE:KWK) last posted its quarterly earnings results 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.
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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