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New York, NY -- (SBWIRE) -- 03/15/2013 -- StockRunway.com issues special report on the Best-Performing Oil & Gas Operators – Quicksilver Resources Inc (NYSE:KWK), EXCO Resources Inc (NYSE:XCO), Ultra Petroleum Corp (NYSE:UPL)
Oil & gas operators moved higher after a government report disclosed that inventories last week declined to the lowest level in almost two years. The Energy Information Administration said U.S. stockpiles declined 145 billion cubic feet last week to 1.938 trillion, the lowest level since May 13, 2011. Analyst projections tracked by Bloomberg showed an anticipated fall of 137 billion.
The stockpile fall was as much as twice the five-year average fall for the week of 74 billion cubic feet, department data show. A surplus to the five-year average moved down to 11.4 percent as compared to 14.8 percent the previous week. Supplies were 18.5 percent down versus year-earlier inventories and compared with 14.8 percent last week.
Quicksilver Resources Inc (NYSE:KWK) shares went +26.85% up and closed at $2.74 in the last trading session. KWK Canada is suggesting the Fortune Creek Gas Plant, located about 110 kilometres north of Fort Nelson. It would have an initial capacity of 150 million cubic feet per day and a final capacity of 600 million cubic feet per day.
For How Long KWK will Fight for Profitability? Read This Trend Analysis report
The company has applied to get an environmental assessment certificate, and public input is being accepted until April 9, 2013.
Its overall traded volume was 9.76 million shares. The stock’s opening price was $2.15, hitting the day high price of $2.76 and day low of $2.14. KWK has earnings per share of -$7.99. The company has -43.52% returns on assets, -280.12% returns on equity and its return on investments is -48.06%.
EXCO Resources Inc (NYSE:XCO) surged +9.00% to close at $7.75 and its total volume in the last trading session was 6.37 million shares. In last 52 weeks, high hit was $9.08 and low price in that period was $5.65.
The company has outstanding shares of 217.57million with the total market cap of $1.69 billion and its beta value stands at 1.35 times. It has current ratio of 1.52 and its debt-to-equity ratio is 12.38.
For How Long XCO’s Gloss will Attract Investors? Find out via this report
Ultra Petroleum Corp (NYSE:UPL) moved up +6.14% and closed at $20.75 with the total traded volume of 7.18 million shares. Its opening price was $19.66 and its shares traded within the range of $19.46-$20.86.
This company has earnings per share of -$14.24 with the net profit margin of -268.76% and operating margin of -351.28%. The company now has market cap of about $3.17 billion.
Will UPL Continue To Move Higher? F ind Out Here
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For more information on this press release visit: http://www.sbwire.com/press-releases/best-performing-oil-gas-operators-quicksilver-resources-kwk-exco-resources-xco-ultra-petroleum-upl-223501.htm