.png "QEP Resources (NYSE: QEP)")
In a report issued on November 15, Kashy Harrison from Piper Jaffray reiterated a Hold rating on QEP Resources (QEP), with a price target of $12. The company’s shares opened today at $8.19.
According to TipRanks.com, Harrison is a 1-star analyst with an average return of -4.3% and a 35.0% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Continental Resources, and Gulfport Energy Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for QEP Resources with a $16.33 average price target.
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Based on QEP Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $7.3 million. In comparison, last year the company had a GAAP net loss of $3.3 million.
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QEP Resources, Inc. is a holding company, which engages in the exploration and production of oil and natural gas properties. It focuses in the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana) geographical regions. The company was founded in 1922 and is headquartered in Denver, CO.
