Shares of QEP Resources (QEP) Sees Large Outflow of Money

QEP Resources (QEP) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.83 million) in QEP Resources (QEP). On Thursday, The value of composite uptick trades was $0.13 million, whereas, the value of composite downtick trades was $0.96 million and the ratio between the two was 0.14, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.75 million. The negative money flow of ($0.75 million) shows selling on strength. QEP Resources (QEP) gained $0.32 intraday at $17.9 and registrered 1.82% for the week.


The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 2.28%. Shares have rallied 6.92% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $20.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.52 and the 200 Day Moving Average price is recorded at $14.59.

QEP Resources (NYSE:QEP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.92 and $17.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.82, notching a gain of 1.37% for the day. The total traded volume was 6,340,397 . The stock had closed at $17.58 on the previous day.

In an insider trading activity, 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).

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