NEW YORK (

TheStreet

) --

Quicksilver Resources

(NYSE:

KWK

) hit a new 52-week low Thursday as it is currently trading at $5.17, below its previous 52-week low of $5.18 with 4.7 million shares traded as of 1:55 p.m. ET. Average volume has been 3.6 million shares over the past 30 days.

Quicksilver has a market cap of $949.3 million and is part of the

basic materials

sector and

energy

industry. Shares are down 14.6% year to date as of the close of trading on Wednesday.

Quicksilver Resources Inc. engages in the acquisition, exploration, development, production, and sale of natural gas, natural gas liquids, and oil onshore in North America. It focuses primarily on unconventional reservoirs in fractured shales, coal beds, and tight sands. The company has a P/E ratio of 2.6, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Quicksilver as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Quicksilver Ratings Report

.

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