Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of oil and gas explorer Quicksilver Resources (NASDAQOTH:KWKAQ) fell 12% today after reporting earnings.

So what: Revenue fell 31.6% to $177.7 million, and the company reported a loss of $0.04 per share. Analysts had expected $181.5 million in revenue and a loss of just a penny per share.  

Now what: Quicksilver is still dealing with a huge debt load, and today's loss doesn't give investors any confidence in its operations. Management expects to reduce debt  in the future, but it's still unknown how that will take place and what assets Quicksilver will have to sell as a result. I'd stay far away from this stock, because with energy prices falling, the future doesn't look good for Quicksilver.

Interested in more info on Quicksilver Resources? Add it to your watchlist by clicking here.


Fool contributor Travis Hoium has no positions in the stocks mentioned above. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDrawThe Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.