QEP Resources (QEP) has risen sharply, recording gains of 7.64% in the past 4 weeks. However, the stock has corrected -4.02% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.85% and the fifty day Moving Average is 6.69%. QEP Resources, Inc. is up 6.12% in the last three month period. Year-to-Date the stock performance stands at 46.19%.
QEP Resources (QEP) : 12 investment research analysts covering QEP Resources (QEP) have an average price target of $25.42 for the near short term. The highest target price given by the Brokerage Firm to the stock is $36 and the lowest target is $19 for the short term. Analysts expect the variance to be within $5.37 of the average price.
QEP Resources (NYSE:QEP): On Fridays trading session , Opening price of the stock was $19.79 with an intraday high of $20.01. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $19.38. However, the stock managed to close at $19.59, a loss of 0.61% for the day. On the previous day, the stock had closed at $19.71. The total traded volume of the day was 4,587,386 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).