Short Term Price Target on QEP Resources (QEP)

QEP Resources (NYSE:QEP) : Average target price received by QEP Resources (NYSE:QEP) is $23.75 with an expected standard deviation of $5.61. The most aggressive target on the stock is $33, whereas the most downbeat target is $13. 12 financial analysts are currently covering the stock.

QEP Resources, Inc. has lost 5.67% in the last five trading days and dropped 8.13% in the last 4 weeks. QEP Resources, Inc. is up 27.66% in the last 3-month period. Year-to-Date the stock performance stands at 31.57%. Also, Major Brokerage house, Piper Jaffray upgrades its ratings on QEP Resources (NYSE:QEP). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. 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) : 14 analysts are covering QEP Resources (NYSE:QEP) and their average rating on the stock is 1.5, which is read as a Strong Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. QEP Resources (NYSE:QEP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

QEP Resources (NYSE:QEP): The stock opened at $18.21 on Thursday but the bulls could not build on the opening and the stock topped out at $18.22 for the day. The stock traded down to $17.42 during the day, due to lack of any buying support eventually closed down at $17.63 with a loss of -3.29% for the day. The stock had closed at $18.23 on the previous day. The total traded volume was 5,213,411 shares.

In an insider trading activity, 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, 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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