Qep Resources, Inc. (QEP) Files Form 4 Insider Buying : Charles B Stanley Buys 16,763 Shares

Qep Resources, Inc. (QEP): Charles B Stanley , CEO of Qep Resources, Inc. purchased 16,763 shares on Jun 30, 2016. The Insider buying transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were purchased at $17.85 per share for a total value of $299,184.34 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 9, 2016, Christopher K Woosley (VP, GC, and Corp Secretary) sold 1,717 shares at $10.24 per share price.

QEP Resources Inc: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in QEP Resources Inc which led to swings in the share price. The shares opened for trading at $18 and hit $18.3 on the upside , eventually ending the session at $18.23, with a gain of 2.88% or 0.51 points. The heightened volatility saw the trading volume jump to 67,54,972 shares. The 52-week high of the share price is $20.96 and the company has a market cap of $3,951 M . The 52-week low of the share price is at $8.54.

QEP Resources Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.QEP Resources Inc is Upgraded by Piper Jaffray to Overweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 15, 2016.QEP Resources Inc is Initiated by Drexel Hamilton to Buy and the brokerage firm has set the Price Target at $33. The Rating was issued on Jun 8, 2016.QEP Resources Inc is Upgraded by Raymond James to Strong Buy. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.QEP Resources Inc is Initiated by JP Morgan to Overweight. The Rating was issued on Apr 12, 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 Company’s 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 America’s hydrocarbon resource plays. QEP Marketing Company provides wholesale marketing and sales of affiliate and third-party gas oil and natural gas liquids (NGL).

Leave a Reply

QEP Resources Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on QEP Resources Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.