Why Quicksilver Resources (KWK) Is Down Today

NEW YORK (TheStreet) -- Quicksilver Resources (KWK) was falling 6.1% to $2.60 Friday after missing analysts' expectations for revenue in the fourth quarter.

For the fourth quarter Quicksilver posted a loss of 3 cents, which is in-line with analysts' expectations. Revenue fell 26.9% from the year-ago period to $114.24 million, missing analysts' estimates of $116.87 million for the quarter.

Production for the fourth quarter of 2013 was 24.5 Bcfe, or an average of 266 million cubic feet of natural gas equivalent per day (MMcfed). A year earlier, in the fourth quarter of 2012, the company produced 31.5 Bcfe, or an average of 342 MMcfed.

For the first quarter of 2014 Quicksilver expects daily production volume of between 240 MMcfed and 245 MMcfed.

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TheStreet Ratings team rates QUICKSILVER RESOURCES INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:

"We rate QUICKSILVER RESOURCES INC (KWK) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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