QEP Resources (QEP) has been under a strong bear grip, hence the stock is down -8.67% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.03% in the past 1 week. The stock has risen by 1.53% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.68% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.27% and the 50-Day Moving Average is 1.77%.
QEP Resources (NYSE:QEP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.96 and $17.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.92, notching a gain of 0.56% for the day. The total traded volume was 4,226,390 . The stock had closed at $17.82 on the previous day.
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 79.52% of QEP Resources shares. During last six month period, the net percent change held by insiders has seen a change of 1.81%. In a related news, Stanley Charles B, Ceo of QEP RESOURCES, INC., executed a transaction worth $299,220 on June 30, 2016. A total of 16,763 shares were purchased at an average price of $17.85. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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).