Quicksilver Resources (KWK) Jumps: Stock Up 7.2% – Tale of the Tape

Zacks

Quicksilver Resources Inc. (KWK) was a big mover last session with its shares rising over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock has lost over 21% in the past one-month time frame.

This independent oil and gas company has seen three positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Friday’s rally can turn into more strength down the road.

Quicksilver Resources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Investors interested in the U.S. oil and gas industry may consider better-ranked stocks like Northern Oil and Gas, Inc. (NOG), WPX Energy, Inc. (WPX) and Emerald Oil, Inc. (EOX). While NOG and WPX carry a Zacks Rank #1 (Strong Buy), EOX holds a Zacks Rank #2 (Buy).

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