Analyst Rating Update on QEP Resources (QEP)

QEP Resources (QEP) : 11 brokerage houses believe that QEP Resources (QEP) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on QEP Resources (QEP). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 1.56.

QEP Resources (QEP) : Currently there are 14 street experts covering QEP Resources (QEP) stock. The most bullish and bearish price target for the stock is $36 and $17 respectively for the short term. The average price target of all the analysts comes to $24.36. The estimated standard deviation from the target is $5.61.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, BMO Capital upgrades its outlook on QEP Resources (NYSE:QEP). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on July 18, 2016.


QEP Resources (NYSE:QEP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.15 and $17.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.29, notching a gain of 2.87% for the day. The total traded volume was 4,533,265 . The stock had closed at $17.78 on the previous day.

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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