Orlando, FL -- (SBWIRE) -- 08/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On SUPERVALU INC. (NYSE:SVU), Quicksilver Resources Inc (NYSE:KWK).
SUPERVALU INC.(NYSE:SVU) shares dropped 6.17% to $7.30. The company on July 24 announced that as soon as practicable on or following August 7, 2013 the Company will grant Mr. Bruce Besanko stock options to acquire 225,000 shares of Company common stock with an exercise price equal to the closing price of a share of Company common stock on the New York Stock Exchange on the grant date and 225,000 restricted stock shares of Company common stock.
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Additionally, the company on July 18 posted higher first-quarter net earnings of $85 million, or $0.34 a share, compared with $41 million, or $0.19 a share, a year earlier. Analysts expected earnings per share of $0.06 for the quarter. Adjusted first-quarter fiscal 2014 net earnings from continuing operations totaled $34 million, or $0.14 a share. Quarterly net sales reached $5.16 billion, compared with $5.24 billion last year. Analysts estimated revenues of $5.17 billion for the quarter.
Quicksilver Resources Inc (NYSE:KWK) stock increased 1.23% to $1.64 in the last trading session. The company on August 6 announced preliminary 2013 second-quarter results. The company reported net income for the second quarter of 2013 was $243 million, or $1.37 per diluted share, compared to a reported net loss of $802 million (restated), or $4.72 per diluted share in the prior-year quarter. Second-quarter 2013 production was 26.1 Bcfe, or an average of 287 million cubic feet of natural gas equivalent per day (MMcfed) compared to 32.7 Bcfe, or an average of 359 MMcfed in the prior-year quarter.
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Additionally, Zacks restated their neutral rating on shares of Quicksilver Resources (NYSE:KWK) in a report issued on August 9. They currently have a $1.75 target price on the stock. Separately, analysts at Barclays Capital cut their price target on shares of Quicksilver Resources from $2.00 to $1.00 in a research note to investors on July 24. They now have an underweight rating on the stock.
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