QEP Resources (NYSE:QEP) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday, February 2nd.
A number of other analysts also recently commented on QEP. BMO Capital Markets set a $11.00 price objective on QEP Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Barclays upped their price objective on QEP Resources from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and set a $12.00 price objective on shares of QEP Resources in a report on Sunday, October 22nd. Mizuho reiterated a “hold” rating and issued a $11.00 price target on shares of QEP Resources in a report on Friday, October 27th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $9.00 price target on shares of QEP Resources in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. QEP Resources presently has an average rating of “Hold” and a consensus target price of $12.59.
QEP Resources (QEP) traded down $0.15 during mid-day trading on Friday, hitting $7.51. The stock had a trading volume of 9,144,207 shares, compared to its average volume of 6,407,808. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.54. QEP Resources has a 1-year low of $7.02 and a 1-year high of $17.58.
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About QEP Resources
QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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