QEP Resources (QEP) : The consensus on QEP Resources (QEP) based on 16 analyst recommendation on the company stock is 1.44, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
QEP Resources (QEP) : The highest short term price target forecast on QEP Resources (QEP) is $36 and the lowest target price is $19. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $24.71 with a standard deviation of $5.25.
For the current week, the company shares have a recommendation consensus of Buy. QEP Resources (NYSE:QEP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.99 and $18.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.19, notching a gain of 2.35% for the day. The total traded volume was 3,806,906 . The stock had closed at $18.75 on the previous day.
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).