UPDATE: Barclays Downgrades Quicksilver Resources (KWK) to Underweight; Taking Some Off The Table

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(Updated - July 2, 2012 1:51 PM EDT)

Barclays downgraded Quicksilver Resources (NYSE: KWK) from Equalweight to Underweight with a price target of $3.00.

Analyst, Thomas Driscoll, downgrades shares after recent run-up. The stock has risen about 75% since June 13, 2012 when the stock closed at $3.09.

Barclays raises FY12 loss from -0.20 to -0.35 and FY13 from -0.15 to -0.20.

For an analyst ratings summary and ratings history on Quicksilver Resources click here. For more ratings news on Quicksilver Resources click here.

Shares of Quicksilver Resources closed at $5.42 yesterday, with a 52 week range of $2.93-$14.90.

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