Zacks Rating on QEP Resources (QEP)

QEP Resources (QEP) : 13 analysts are covering QEP Resources (QEP) and their average rating on the stock is 1.54, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. QEP Resources (QEP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

QEP Resources (QEP) : The most positive equity analysts on QEP Resources (QEP) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $19 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $25.5 with an expected fluctuation of $5.44 from the mean.


Shares of QEP Resources, Inc. rose by 1.55% in the last five trading days and 21.35% for the last 4 weeks. QEP Resources, Inc. is up 13.06% in the last 3-month period. Year-to-Date the stock performance stands at 51.87%. QEP Resources (NYSE:QEP): stock turned positive on Tuesday. Though the stock opened at $20.15, the bulls momentum made the stock top out at $20.51 level for the day. The stock recorded a low of $20.04 and closed the trading day at $20.35, in the green by 0.54%. The total traded volume for the day was 2,287,258. The stock had closed at $20.24 in the previous days trading.

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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