QEP Resources (QEP) : Traders are bullish on QEP Resources (QEP) as it has outperformed the S&P 500 by a wide margin of 3.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.58%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.02% in the last 1 week, and is up 6.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
QEP Resources (NYSE:QEP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.57 and $18.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.75, notching a gain of 1.46% for the day. The total traded volume was 4,259,115 . The stock had closed at $18.48 on the previous day.
The stock has recorded a 20-day Moving Average of 6.27% and the 50-Day Moving Average is 2.87%. QEP Resources, Inc. is up 10.82% in the last 3-month period. Year-to-Date the stock performance stands at 39.93%.
QEP Resources (QEP) : The consensus price target for QEP Resources (QEP) is $24.71 for the short term with a standard deviation of $5.25. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $36, however, the pessimist price target for the company is $19.
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).