Quicksilver reported a loss of -8 cents a share for the first quarter, missing the Capital IQ Consensus Estimate of a loss of -7 cents a share by 1 cent. Revenue fell -22.7% year-over-year to $91.78 million for the quarter. Analysts expected revenue of $105.26 million for the quarter.
Production for the quarter was 22.1 Bcfe, or an average of 246 million cubic feet of natural gas equivalent a day (MMcfed), down from 32.2 Bcfed, or an average of 358 MMcfed in the year-ago quarter.
Looking forward to the second quarter Quicksilver Resources expects an average daily production value of 255 MMcfed to 260 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 a number of negative factors, 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."