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New York, NY -- (SBWIRE) -- 04/03/2013 -- StockRunway.com issues special report on the Energy Stocks down on News – - Quicksilver Resources Inc (NYSE:KWK), Walter Energy, Inc. (NYSE:WLT), Western Refining, Inc. (NYSE:WNR)
Quicksilver Resources Inc (NYSE:KWK) retreated on Tuesday, a day after getting a boost from its plan to sell a 25 percent stake in its Barnett Shale oil and gas assets to a subsidiary of Tokyo Gas Co. in a deal valued at $485 million. Natural gas producer disclosed on Friday that it was selling the stake and would still operate the assets located in Texas. The Fort Worth, Texas, company plans to use proceeds from the sale to cut loans. The transaction is projected to close on April 30.
For How Long KWK will Fight for Profitability? Read This Trend Analysis report
Quicksilver Resources Inc(NYSE:KWK) declined -8.46% and closed at $2.38 in the last trading session with the total traded volume of 7.92 million shares. That’s more than the average volume of 5.08 million. KWK is now trading below its 50 day moving average of -0.43% and 200 day moving average of -32.41%.
It has outstanding shares of 172.95 million with the total market cap of $411.62million and its beta value stands at 1.73 times which shows that stock is more volatile.
Walter Energy, Inc. (NYSE:WLT) suffered new low on Tuesday on fears that planned mine production cuts may be too deep. The company disclosed last week its plan to cut 250 workers as it scales back production at its Willow Creek mine in British Columbia to equalize weak global metallurgical coal prices.
Walter Energy, Inc.(NYSE:WLT) slipped -7.96% to close at $24.15 and its overall volume in the last trading session was 7.52 million shares, beating the average volume of 3.27 million. WLT hit the day high price of $26.46 and day low of $24.05.
What WLT’s Charts Are Signaling for Traders? Find Out Here
The stock is trading with negative year-to-date performance of -32.49%. It has current ratio of 1.59 and its debt-to-equity ratio is 2.06. The company has total market cap of $1.51billion.
Western Refining, Inc. (NYSE:WNR) and refinery companies faced sharp declines on the costs they could pay to comply with suggested changes to gasoline standards. The Obama administration plants to cut the amount of sulfur in gasoline and make tighter auto emission standards to reduce pollution. The Environmental Protection Agency said Friday that the plan would increase gasoline prices by less than a penny a gallon and increase about $130 to the price of new vehicles, beginning in 2025.
Western Refining, Inc.(NYSE:WNR) decreased -7.14% to close at $32.49 in the last trading session and its total traded volume was 3.51 million shares, beating the average volume of 1.78 million. The company has market cap of $2.85 billion.
Can WNR Show a Strong Recovery? Find out in This Research Report
It has earnings per share of $1.38, net profit margin of 4.20% and operating margin of 7.49%. The stock has positive year-to-date performance of 15.71% and is trading below its 50 day moving average of 6.80% and 200 day moving average of +19.44%.
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For more information on this press release visit: http://www.sbwire.com/press-releases/energy-stocks-down-on-news-quicksilver-resources-inc-nysekwk-walter-energy-inc-nysewlt-western-refining-inc-nysewnr-232685.htm