Impact of Brokerage Rating on QEP Resources, Inc.(QEP)

Many QEP Resources, Inc.(QEP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. QEP Resources Inc was Upgraded by Wells Fargo to Outperform on Feb 10, 2017. Company shares were Upgraded by FBR & Co. on Jan 3, 2017 to Outperform, Raises Price Target to $ 24 from a previous price target of $20 .

Company has reported several Insider transactions to the SEC, on Sep 8, 2016, Charles B Stanley (CEO) purchased 16,763 shares at 17.85 per share price.On Mar 9, 2016, Christopher K Woosley (VP, GC, and Corp Secretary) sold 1,717 shares at 10.24 per share price.

QEP Resources Inc Last issued its quarterly earnings results on Oct 26, 2016. The company reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $-0.23. The company had revenue of $382.40 million for the quarter, compared to analysts expectations of $359.35 million. The companys revenue was down -24.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

QEP Resources, Inc. (NYSE:QEP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.27 by 15 Brokerage Firm. 13 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.

QEP Resources, Inc. (NYSE:QEP) stock has received a short term price target of $ 25.14 from 14 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.76. The higher estimate of target price is $33 , while the lower price target estimate is $20

QEP Resources, Inc. (NYSE:QEP) rose 1.18% or 0.2 points on Tuesday and made its way into the gainers of the day. After trading began at $17.1 the stock was seen hitting $17.22 as a peak level and $16.86 as the lowest level. The stock ended up at $17.18. The daily volume was measured at 1,661,848 shares. The 52-week high of the share price is $21.12 and the 52-week low is $9.17. The company has a market cap of $4,116 million.

QEP Resources is a leading independent natural gas and oil exploration and production company. The Companys operations are focused in the Rocky Mountain and Midcontinent regions of the United States. The Company also gathers, compresses, treats, and processes natural gas. QEP Resources, Inc. is based in Denver, Colorado.


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