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Quicksilver Resources Inc. (NYSE: KWK) shares spiked 6.62 percent to close at $1.61 a share Tuesday. The stock traded between $1.58 and $1.70 on volume of 6.06 million shares traded. The company reported a net income of $243 million, or $1.37 per diluted share, for the second quarter of 2013, compared to a net loss of $802 million (restated), or $4.72 per diluted share, a year ago. Shares of Quicksilver Resources have fallen approximately 43.0 percent year-to-date.
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PDC Energy Inc. (NASDAQ: PDCE) shares dropped 3.63 percent to close at $55.22 a share Tuesday. The stock traded between $54.08 and $55.41 on volume of 3.43 million shares traded. The company announced a public offering of 4.5 million shares of its common stock for total gross proceeds of $243 million. Shares of PDC Energy have gained approximately 66.0 percent year-to-date.
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Stone Energy Corporation (NYSE: SGY) shares jumped 8.04 percent to close at $27.82 a share Tuesday. The stock traded between $26.72 and $28.79 on volume of 1.97 million shares traded. The company reported net daily production averaged 45.4 thousand barrels of oil equivalent (MBoe) per day for the second quarter of 2013, compared to 40.1 MBoe in the previous quarter. Shares of Stone Energy have gained approximately 35.0 percent year-to-date.
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Tidewater Inc. (NYSE: TDW) shares declined 6.84 percent to close at $56.90 a share Tuesday. The stock traded between $54.98 and $60.68 on volume of 2.41 million shares traded. The company reported net earnings of $30.1 million, or $0.61 per common share, for the first quarter of fiscal 2014, compared to $32.9 million, or $0.65 per common share, a year ago. Shares of Tidewater have gained approximately 27.0 percent year-to-date.
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Five Star Equities
Source: Accesswire IA
(August 7, 2013 - 8:40 AM EDT)
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