QEP Resources (QEP) : Analyst Rating Update

QEP Resources (QEP) : The consensus on QEP Resources (QEP) based on 14 analyst recommendation on the company stock is 1.5, 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, 10 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 $23.75 with an expected standard deviation of $5.61. The most aggressive target on the stock is $33, whereas the most downbeat target is $13. 12 financial analysts are currently covering the stock.

QEP Resources (NYSE:QEP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.10 and $16.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.56, notching a gain of 1.80% for the day. The total traded volume was 8,057,170 . The stock had closed at $17.25 on the previous day.

Also, Brokerage firm Piper Jaffray upgrades its rating on QEP Resources (NYSE:QEP). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 15, 2016. The company shares have rallied 5.18% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $20.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.57 and the 200 Day Moving Average price is recorded at $14.45.

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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