QEP Resources (QEP) is Initiated by Cantor Fitzgerald to Buy , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-23-2015.
Shares of QEP Resources, Inc. (NYSE:QEP) ended Thursday session in red amid volatile trading. The shares closed down 0.5 points or 4.1% at $11.69 with 4,719,108 shares getting traded. Post opening the session at $12.17, the shares hit an intraday low of $11.025 and an intraday high of $12.22 and the price vacillated in this range throughout the day. The company has a market cap of $2,066 million and the number of outstanding shares has been calculated to be 176,736,960 shares. The 52-week high of QEP Resources, Inc. (NYSE:QEP) is $24.04 and the 52-week low is $11.2.
During the last several months other analysts have commented on the company rating. In the latest statement by the brokerage house, Deutsche Bank upgrades its outlook on QEP Resources, Inc. (NYSE:QEP). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on December 9, 2015.
Analysts at Zacks have given a short term rating of hold on QEP Resources, Inc. (NYSE:QEP) with a rank of 3. The shares has received an average rating of 1.82 from 11 brokerage firms. 6 analysts have rated the company as a strong buy. The shares has been rated as hold from 4 Wall Street Analysts. 1 analysts have suggested buying the shares.
QEP Resources, Inc. (NYSE:QEP): The mean short term price target for QEP Resources, Inc. (NYSE:QEP) has been established at $21 per share. The higher price target estimate is at $27 and the lower price target estimate is expected at $15 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $4.12
QEP Resources, Inc. has lost 12.11% in the last five trading days and dropped 20.75% in the last 4 weeks. QEP Resources, Inc. has dropped 10.09% during the last 3-month period . Year-to-Date the stock performance stands at -41.91%.
QEP Resources, Inc. (QEP) is a holding company. The Company operates in two lines of business: gas and oil exploration and production, and energy marketing. The Company conducts business through its subsidiaries: QEP Energy Company (QEP Energy), which acquires, explores for, develops and produces natural gas, oil, and natural gas liquids (NGL), and QEP Marketing Company (QEP Marketing), which markets affiliate and third-party natural gas and oil, provides risk-management services, and owns and operates an underground gas-storage reservoir. The Company’s operations are focused in two regions: the Northern Region (North Dakota, Wyoming and Utah) and the Southern Region (Oklahoma, Louisiana and the Texas Panhandle) of the United States.