Jefferies Maintains a 'Hold' on Quicksilver Resources (KWK); Checking in at Bone Springs

Jefferies maintains a 'Hold' on Quicksilver Resources (NYSE: KWK) price target of $4.00.

Analyst, Subash Chandra, said, "This continues to be a critical quarter for KWK to execute on monetizations and alleviate pressure on its balance sheet. Initial Bone Springs test looks favorable and increases chances for a jv, but many questions remain unanswered. Plenty of catalysts to watch for this quarter, including a potential QPP IPO launch and completions in Permian and Sand Wash. We remain sidelined pending QPP IPO, which is main delevering vehicle."

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 $3.79 yesterday.

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