QEP Resources (QEP) Receives ‘Analyst’ Rating

QEP Resources (QEP) : The consensus on QEP Resources (QEP) based on 13 analyst recommendation on the company stock is 1.54, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 9 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) : Average target price received by QEP Resources (QEP) is $25.42 with an expected standard deviation of $5.37. The most aggressive target on the stock is $36, whereas the most downbeat target is $19. 12 financial analysts are currently covering the stock.


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 (NYSE:QEP): The stock opened in the green at $17.19 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $17.43 and a low of $16.78 for the day. The stock did not find buyers even at the lows and closed at $16.88 recording a loss of -0.82%. 4,817,902 shares exchanged hands during the trading day. The stock had closed at $17.02 in the previous days trading.

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).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.