Price Action Alert: QEP Resources Inc’s Stock Is Buy After Today’s Significant Increase

Price Action Alert: QEP Resources Inc's Stock Is Buy After Today's Significant Increase

The stock of QEP Resources Inc (NYSE:QEP) is a huge mover today! About 886,349 shares traded hands. QEP Resources Inc (NYSE:QEP) has risen 17.58% since April 13, 2016 and is uptrending. It has outperformed by 13.65% the S&P500.
The move comes after 9 months positive chart setup for the $4.33B company. It was reported on Nov, 15 by Barchart.com. We have $28.06 PT which if reached, will make NYSE:QEP worth $2.42B more.

QEP Resources Inc (NYSE:QEP) Ratings Coverage

Out of 15 analysts covering QEP Resources (NYSE:QEP), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. QEP Resources has been the topic of 28 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was initiated by Cantor Fitzgerald on Wednesday, December 23 with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Wednesday, December 9. The rating was initiated by Goldman Sachs with “Neutral” on Thursday, October 6. Mizuho initiated the stock with “Buy” rating in Thursday, October 6 report. The firm has “Buy” rating given on Wednesday, March 16 by KLR Group. The rating was maintained by Imperial Capital on Friday, August 7 with “Outperform”. Goldman Sachs upgraded the shares of QEP in a report on Thursday, November 19 to “Buy” rating. The stock of QEP Resources Inc (NYSE:QEP) has “Buy” rating given on Tuesday, June 14 by Deutsche Bank. The rating was initiated by Evercore on Friday, October 7 with “Hold”. The firm earned “Buy” rating on Monday, August 10 by Zacks.

According to Zacks Investment Research, “QEP Resources is a leading independent natural gas and oil exploration and production company. The Company’s operations are focused in the Rocky Mountain and Midcontinent regions of the United States. The Company also gathers, compresses, treats, and processes natural gas. QEP Resources, Inc. is based in Denver, Colorado.”

Insitutional Activity: The institutional sentiment increased to 1.73 in 2016 Q2. Its up 0.09, from 1.64 in 2016Q1. The ratio increased, as 34 funds sold all QEP Resources Inc shares owned while 73 reduced positions. 64 funds bought stakes while 121 increased positions. They now own 202.40 million shares or 9.06% more from 185.59 million shares in 2016Q1.
Benin reported 14,550 shares or 0.13% of all its holdings. Price T Rowe Assocs Md has invested 0% of its portfolio in QEP Resources Inc (NYSE:QEP). South Dakota Council has 58,480 shares for 0.02% of their US portfolio. Old Mutual Customised Solutions (Proprietary) Ltd, a South Africa-based fund reported 1,900 shares. Geode Capital Ltd Co reported 1.37M shares or 0.01% of all its holdings. North Mngmt Corporation owns 17,925 shares or 0.05% of their US portfolio. Discovery Cap Mngmt Ltd Ct last reported 3.91 million shares in the company. Bluemar Ltd Liability Company has 0.61% invested in the company for 72,200 shares. Kornitzer Inc Ks last reported 0.03% of its portfolio in the stock. Qs Invsts Limited Com has 341,631 shares for 0.05% of their US portfolio. Brown Advisory accumulated 13,972 shares or 0% of the stock. Monarch Partners Asset Management Limited Co accumulated 603,890 shares or 1.07% of the stock. First Advsrs Lp accumulated 2.71M shares or 0.15% of the stock. Gamco Invsts Et Al owns 60,000 shares or 0.01% of their US portfolio. Hsbc Holdings Public Limited Co accumulated 25,815 shares or 0% of the stock.

Insider Transactions: Since June 30, 2016, the stock had 1 insider purchase, and 0 selling transactions for $299,184 net activity. STANLEY CHARLES B bought $299,184 worth of stock or 16,763 shares.

Another recent and important QEP Resources Inc (NYSE:QEP) news was published by Globenewswire.com which published an article titled: “QEP Resources, Inc. Resolves South Antelope Midstream Dispute” on November 03, 2016.

QEP Company Profile

QEP Resources, Inc. (QEP), incorporated on May 17, 2010, is a holding firm with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: gas and oil exploration and production (QEP Energy), and gas and oil marketing, operation of a gas gathering system and an underground gas storage facility, and corporate activities (QEP Marketing and Other). The Firm operates through QEP Energy segment. The Company’s activities 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. The Company’s properties in its Northern Region include Pinedale, Williston Basin, Uinta Basin and Other Northern properties. The Company’s Southern Region includes various properties, such as Permian Basin and Midcontinent operations.

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