QEP Resources (QEP) Gets a Hold Rating from Williams Capital


Williams Capital analyst Gabriele Sorbara maintained a Hold rating on QEP Resources (QEP) on August 19 and set a price target of $5. The company’s shares closed last Monday at $3.98, close to its 52-week low of $3.39.

According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.9% and a 29.3% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.

The word on The Street in general, suggests a Hold analyst consensus rating for QEP Resources with a $5.75 average price target, a 44.8% upside from current levels. In a report issued on August 8, Raymond James also downgraded the stock to Hold.

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The company has a one-year high of $12.05 and a one-year low of $3.39. Currently, QEP Resources has an average volume of 5.99M.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of QEP in relation to earlier this year.

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QEP Resources, Inc. 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.

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