QEP Resources (NYSE:QEP) Trading Down 5.2%
QEP Resources Inc (NYSE:QEP) shares traded down 5.2% during trading on Friday . The company traded as low as $2.70 and last traded at $2.71, 4,345,857 shares were traded during trading. A decline of 42% from the average session volume of 7,458,928 shares. The stock had previously closed at $2.86.
A number of research analysts have recently commented on the company. Stephens raised QEP Resources from an “equal” rating to an “overweight” rating and set a $7.00 target price on the stock in a research note on Wednesday, October 30th. Piper Jaffray Companies raised QEP Resources from a “neutral” rating to an “overweight” rating and upped their target price for the company from $3.50 to $6.00 in a research note on Monday, October 28th. Finally, Williams Capital raised QEP Resources from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. QEP Resources currently has an average rating of “Hold” and an average target price of $6.75.
The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $670.57 million, a PE ratio of -1.04 and a beta of 2.22. The business has a fifty day moving average of $3.71 and a 200-day moving average of $3.71.
QEP Resources Company Profile (NYSE:QEP)
QEP Resources, Inc operates as a crude oil and natural gas exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in Western Texas; and Williston Basin in North Dakota. As of December 31, 2018, it had estimated proved reserves of approximately 658.2 MMboe.
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