Quicksilver Stock Hits New 52-Week Low (KWK)

NEW YORK ( TheStreet) -- Quicksilver Resources (NYSE: KWK) hit a new 52-week low Friday as it is currently trading at $6.12, below its previous 52-week low of $6.17 with 373,152 shares traded as of 10:10 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.

Quicksilver has a market cap of $1.2 billion and is part of the basic materials sector and energy industry. Shares are down 6.7% year to date as of the close of trading on Thursday.

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 three, below the average energy industry P/E ratio of 3.3 and below the S&P 500 P/E ratio of 17.7.

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.

See all 52-week low stocks or get investment ideas from our investment research center.
null