Large Outflow of Money Witnessed in QEP Resources

Shares of QEP Resources (NYSE:QEP) advanced to $18.82. The price had gained 0.11% or 0.02 points intraday. The latest trading session witnessed $4.73 million in upticks and $5.97 million in downticks, resulting in net money flow of (-1.24) million. The up/down ratio for the day stood at 0.79. On a weekly scale, the price has seen a change of -2.54%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-1.27) million occurred during the day. $0 million in uptick and $1.27 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


Currently the company Insiders own 1.36% of QEP Resources shares according to the proxy statements. Institutional Investors own 87.8% of QEP Resources shares. During last six month period, the net percent change held by insiders has seen a change of -1.95%. On the companys insider trading activities, The officer (VP, GC, and Corp Secretary), of Qep Resources, Inc., Woosley Christopher K had unloaded 1,717 shares at $10.24 per share in a transaction on March 8, 2016. The total value of transaction was $17,582. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

QEP Resources (NYSE:QEP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.06 points or 0.32% at $18.74 with 3,150,971 shares getting traded. Post opening the session at $18.58, the shares hit an intraday low of $18.43 and an intraday high of $19.26 and the price was in this range throughout the day. The company has a market cap of $4,062 million and the number of outstanding shares have been calculated to be 216,747,840 shares. The 52-week high of QEP Resources (NYSE:QEP) is $20.96 and the 52-week low is $8.54.

Many analysts have stated their opinion on the company shares. Drexel Hamilton initiates coverage on QEP Resources (NYSE:QEP) The shares have been rated Buy. The rating by the firm was issued on June 8, 2016.

QEP Resources, Inc. (QEP) is a holding company with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy) and oil and gas marketing, operation of the Haynesville Gathering System and an underground gas storage facility (QEP Marketing and Other). The Companys operations are focused in two geographic regions: the Northern Region (primarily in Wyoming, North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. QEP Energy Company conducts exploration and production (E&P) activities in several of North Americas hydrocarbon resource plays. QEP Marketing Company provides wholesale marketing and sales of affiliate and third-party gas, oil and natural gas liquids (NGL).

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