Large Outflow of Money Witnessed in QEP Resources

QEP Resources (QEP) : Money flow in the QEP Resources (QEP) stock was negative (20.68 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $5.29 million, compared to $25.97 million on downticks. The total uptick to downtick ratio was 0.2, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($20.31 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $20.31 million, indicating persistent selling. QEP Resources (QEP) traded $0.15 higher at $19.22 gaining 0.79% over the previous days close.


The company Insiders own 1.36% of QEP Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.26% . Institutional Investors own 89.2% of QEP Resources shares. During last six month period, the net percent change held by insiders has seen a change of 2.26%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Ceo of QEP RESOURCES, INC., Stanley Charles B, had purchased 16,763 shares in a transaction dated on June 30, 2016. The transaction was executed at $17.85 per share with total amount equaling $299,220.

QEP Resources (NYSE:QEP): The stock opened at $19.34 and touched an intraday high of $19.6 on Friday. During the day, the stock corrected to an intraday low of $19.18, however, the bulls stepped in and pushed the price higher to close in the green at $19.22 with a gain of 0.79% for the day. The total traded volume for the day was 3,352,236. The stock had closed at $19.07 in the previous trading session.

QEP Resources (QEP) has risen sharply, recording gains of 2.51% in the past 4 weeks. However, the stock has corrected -1.89% 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 2.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

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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