Quicksilver Resources Inc (NYSE:KWK) which is an independent player in the oil and gas acquisition, explorations and production business, is letting go some of its joint properties. The company early this month agreed with its partner SWEPI, a wholly-owned subsidiary of Shell, to sell 312,000 acres of their assets in Sand Wash Basin, Colorado. The deal which involves sale to Southwester Energy Co. is expected to close in May and is valued at $180 million. The proceeds will be split evenly between the companies. Quicksilver Resources Inc (NYSE:KWK) shares after opening at $2.43 moved to $2.69 on last trade day and at the end of the day closed at $2.62. Company price to sales ratio in past twelve months was calculated as 0.80 and price to cash ratio as 1.76. Quicksilver Resources Inc (NYSE:KWK) showed a negative weekly performance of -2.24%.
Abraxas Petroleum Corp. (NASDAQ:AXAS) was downgraded by equities research analysts at Canaccord Genuity to a “hold” rating in a research note issued to investors on Wednesday, American Banking and Market News reports. Abraxas Petroleum Corp. (NASDAQ:AXAS) shares fell -3.16% in last trading session and ended the day on $3.83. AXAS return on equity ratio is recorded as 61.90% and its return on assets is 15.50%. Abraxas Petroleum Corp. (NASDAQ:AXAS) yearly performance is 67.25%.
Shares of Goodrich Petroleum (NYSE:GDP) were the target of unusually large options trading on Monday. Traders acquired 16,271 call options on the company, Stock Ratings Network reports. This is an increase of approximately 190% compared to the typical daily volume of 5,618 call options. Goodrich Petroleum Corporation (NYSE:GDP) shares moved up 8.84% in last trading session and was closed at $15.51, while trading in range of $14.18-$15.98. Goodrich Petroleum Corporation (NYSE:GDP) year to date performance is -8.87%.
The anticipated change of guard and name at Double Eagle Petroleum Co (NASDAQ:DBLE) seem to be taken positively among investors. Moreover, promises by the company to expand its operations, attract more industry experts and boost income are all coming as good news to the shareholders. Double Eagle Petroleum Co (NASDAQ:DBLE) weekly performance is 16.88%. On last trading day company shares ended up $2.77. Double Eagle Petroleum Co (NASDAQ:DBLE) distance from 50-day simple moving average is 24.20%. Analysts mean target price for the company is $6.50.