Quicksilver Stock Falls On Unusually High Volume (KWK)

NEW YORK ( TheStreet) -- Quicksilver Resources (NYSE: KWK) is trading at unusually high volume Wednesday with 15 million shares changing hands. It is currently at 4.2 times its average daily volume and trading down 44 cents (-8.8%) at $4.57 as of 2:25 p.m. ET.

Quicksilver has a market cap of $949.3 million and is part of the basic materials sector and energy industry. Shares are down 25.3% year to date as of the close of trading on Tuesday.

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 2.4, below the average energy industry P/E ratio of 2.6 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.

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