Quicksilver Resources Director Unloads $25,900 in Stock (KWK)
Quicksilver Resources (NYSE:KWK) Director Thomas F. Darden sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $2.59, for a total transaction of $25,900.00. Following the completion of the transaction, the director now directly owns 5,535,704 shares of the company’s stock, 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.
Shares of Quicksilver Resources (NYSE:KWK) remained flat at $2.56 during during mid-day trading trading on Friday. 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 has a 50-day moving average of $2.53 and a 200-day moving average of $2.8. The company has a market cap of $444.3 million and a price-to-earnings ratio of 2.78.
Quicksilver Resources (NYSE:KWK) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up NaN% on a year-over-year basis. On average, analysts predict that Quicksilver Resources will post $-0.28 earnings per share 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, June 24th. They now have a $3.00 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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