Williams Capital Sticks to Its Hold Rating for QEP Resources (QEP)


In a report issued on July 17, Gabriele Sorbara from Williams Capital maintained a Hold rating on QEP Resources (QEP), with a price target of $8. The company’s shares closed on Friday at $5.32, close to its 52-week low of $5.

According to TipRanks.com, Sorbara is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.9% and a 29.2% 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 $8.33 average price target, which is a 56.6% upside from current levels. In a report issued on July 9, Oppenheimer also downgraded the stock to Hold.

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The company has a one-year high of $12.33 and a one-year low of $5. Currently, QEP Resources has an average volume of 4.82M.

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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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