QEP Resources (QEP) : Fridays money flow data in QEP Resources (QEP) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $11.29 million, whereas, $8.33 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.36, in favor of the bulls. The total money flow into the stock was $2.96 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.88 million. The total value of block trades done on upticks was $1.88 million. QEP Resources (QEP) fell $0.1 and traded at $17.19, down -0.58% for the day, over previous days close. On a weekly basis, the shares are -4.07% over the previous weeks close.
QEP Resources (QEP) : The highest short term price target forecast on QEP Resources (QEP) is $33 and the lowest target price is $17. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $23.86 with a standard deviation of $4.9.
QEP Resources (NYSE:QEP): On Fridays trading session , Opening price of the stock was $17.39 with an intraday high of $17.47. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.93. However, the stock managed to close at $17.19, a loss of 0.58% for the day. On the previous day, the stock had closed at $17.29. The total traded volume of the day was 4,017,791 shares.
In a related news, Stanley Charles B, Ceo of QEP RESOURCES, INC., executed a transaction worth $299,220 on June 30, 2016. A total of 16,763 shares were purchased at an average price of $17.85. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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).