McNicoll Lewis & Vlak Upgrades Quicksilver Resources (KWK) to Buy; With take-Private Over, Management is Focused on Proving Value

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May 25, 2011 8:55 AM EDT
Get Alerts KWK Hot Sheet
Price: $0.15 --0%

Rating Summary:
    0 Buy, 6 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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McNicoll Lewis & Vlak upgraded Quicksilver Resources (NYSE: KWK) from Hold to Buy. PT $17.50.

MLV analyst says, "We recently met with management of Quicksilver Resources, and feel confident that 2011 is a year of transition for the Company. As we review our RNAV, we believe KWK shares are getting zero value for its potentially game changer frontier projects. With its take-private efforts now concluded, management is newly focused on getting recognition for the value not recognized in the share price.

For more ratings news on Quicksilver Resources click here and for the rating history of Quicksilver Resources click here.

Shares of Quicksilver Resources closed at $13.98 yesterday.

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