QEP Resources (QEP) Receives Price Target

QEP Resources (QEP) : The highest level QEP Resources (QEP) is projected to reach is $36 for the short term and the lowest estimate is at $19. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $25.42 and the possibility the share price can swing is $5.37.

QEP Resources (QEP) has an average broker rating of 1.54, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.


Also, Barclays upgrades its rating on QEP Resources (NYSE:QEP). The global brokerage major raises the current price target from $17 per share to $22 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on August 3, 2016.

QEP Resources (NYSE:QEP): The stock opened at $18.96 on Thursday but the bulls could not build on the opening and the stock topped out at $19.39 for the day. The stock traded down to $18.87 during the day, due to lack of any buying support eventually closed down at $19.07 with a loss of -0.16% for the day. The stock had closed at $19.10 on the previous day. The total traded volume was 4,264,291 shares.

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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