QEP Resources (QEP) Shares are Up 6.58%

QEP Resources (QEP) : Traders are bullish on QEP Resources (QEP) as it has outperformed the S&P 500 by a wide margin of 18.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.61%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.58% in the last 1 week, and is up 18.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

QEP Resources, Inc. is up 11.65% in the last 3-month period. Year-to-Date the stock performance stands at 52.31%. The stock has recorded a 20-day Moving Average of 10.54% and the 50-Day Moving Average is 11.79%.


QEP Resources (NYSE:QEP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.21 and $20.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.41, notching a gain of 0.05% for the day. The total traded volume was 3,064,633 . The stock had closed at $20.40 on the previous day.

Also, Equity Analysts at the Barclays upgrades the rating on QEP Resources (NYSE:QEP). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Equal-weight. The Analysts at the ratings agency raises the price target from $17 per share to $22 per share. The rating by the firm was issued on August 3, 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 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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