Price Target Update on QEP Resources (NYSE:QEP)

QEP Resources (NYSE:QEP) : 12 investment research analysts covering QEP Resources (NYSE:QEP) have an average price target of $23.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $33 and the lowest target is $13 for the short term. Analysts expect the variance to be within $5.65 of the average price.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Piper Jaffray, upgrades their rating on the shares of QEP Resources (NYSE:QEP). Piper Jaffray has a Overweight rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 15, 2016.

QEP Resources (NYSE:QEP): stock turned positive on Thursday. Though the stock opened at $18.36, the bulls momentum made the stock top out at $18.72 level for the day. The stock recorded a low of $18.36 and closed the trading day at $18.69, in the green by 2.75%. The total traded volume for the day was 9,025,392. The stock had closed at $18.19 in the previous days trading.

The company shares have dropped -2.47% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $20.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.47 and the 200 Day Moving Average price is recorded at $14.11. On the companys insider trading activities,The officer (VP, GC, and Corp Secretary) of Qep Resources, Inc., Woosley Christopher K sold 1,717 shares at $10.24 on March 8, 2016. The Insider selling transaction had a total value worth of $17,582. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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