Brokerage Firm Rating Update on QEP Resources (QEP)

QEP Resources (QEP) : Zacks Investment Research ranks QEP Resources (QEP) as 2, which is a Buy recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.54, which indicates as a Buy.

QEP Resources (QEP) : Average target price received by QEP Resources (QEP) is $25.42 with an expected standard deviation of $5.37. The most aggressive target on the stock is $36, whereas the most downbeat target is $19. 12 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays upgrades its view on QEP Resources (NYSE:QEP) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Equal-weight. Barclays raises the price target from $17 per share to $22 per share on QEP Resources . The rating by the firm was issued on August 3, 2016.

QEP Resources (NYSE:QEP): stock was range-bound between the intraday low of $19.075 and the intraday high of $19.59 after having opened at $19.51 on Wednesdays session. The stock finally closed in the red at $19.51, a loss of -0.16%. The stock remained in the red for the whole trading day. The total traded volume was 3,524,965 shares. The stock failed to cross $19.59 in Wednesdays trading. The stocks closing price on Thursday was $19.35.

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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