Quicksilver Resources (NYSE: KWK) was downgraded by equities researchers at McNicoll Lewis & Vlak from a “buy” rating to a “hold” rating in a report issued on Thursday.

Shares of Quicksilver Resources traded up 5.99% during mid-day trading on Thursday, hitting $1.77. Quicksilver Resources has a one year low of $1.65 and a one year high of $5.97. The stock’s 50-day moving average is currently $2.41. The company’s market cap is $301.2 million.

Quicksilver Resources last announced its earnings results on Monday, February 25th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.02. The company had revenue of $179.10 million for the quarter, compared to the consensus estimate of $168.69 million. The company’s quarterly revenue was down 19.7% on a year-over-year basis. On average, analysts predict that Quicksilver Resources will post $-0.15 earnings per share for the current fiscal year.

A number of other firms have also recently commented on KWK. Analysts at MLV Capital downgraded shares of Quicksilver Resources from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Quicksilver Resources in a research note to investors on Tuesday, February 26th. They now have a $1.75 price target on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Quicksilver Resources from $3.00 to $2.50 in a research note to investors on Friday, February 15th. They now have an “underweight” rating on the stock.

One analyst has rated the stock with a buy rating, one has issued an overweight rating, twelve have given a hold rating, one has assigned an underweight rating, and three have assigned a sell rating to the stock. Quicksilver Resources currently has an average rating of “hold” and an average price target of $3.41.

Quicksilver Resources Inc. (Quicksilver) is an independent energy company. The Company is primarily engaged in exploration, exploration, development, exploitation and production of natural gas, natural gas liquids (NGLs) and oil onshore in North America.

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