In a report issued on January 22, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Hold rating on QEP Resources (QEP), with a price target of $3.50. The company’s shares closed last Monday at $2.87, close to its 52-week high of $3.27.
According to TipRanks.com, Sorbara ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -16.1% and a 30.1% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Matador Resources, and Laredo Petroleum.
QEP Resources has an analyst consensus of Moderate Buy, with a price target consensus of $3.30, a 14.2% upside from current levels. In a report issued on January 25, Stifel Nicolaus also downgraded the stock to Hold with a $3.40 price target.
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The company has a one-year high of $3.27 and a one-year low of $0.26. Currently, QEP Resources has an average volume of 5.57M.
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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.
