QEP Resources Inc (NYSE:QEP)’s stock price traded down 3.5% on Friday . The stock traded as low as $4.47 and last traded at $4.44, 159,515 shares changed hands during trading. A decline of 97% from the average session volume of 6,026,137 shares. The stock had previously closed at $4.60.
Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of QEP Resources from a “neutral” rating to an “underweight” rating and cut their target price for the company from $11.00 to $9.00 in a report on Friday, June 7th. Tudor Pickering lowered shares of QEP Resources from a “buy” rating to a “hold” rating in a report on Friday, June 7th. Oppenheimer lowered shares of QEP Resources from an “outperform” rating to a “market perform” rating and set a $7.25 price target for the company. in a report on Tuesday, July 9th. Wells Fargo & Co reissued a “hold” rating on shares of QEP Resources in a report on Friday, April 12th. Finally, ValuEngine raised shares of QEP Resources from a “strong sell” rating to a “sell” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.73.
The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $6.16. The company has a market capitalization of $1.21 billion, a P/E ratio of -26.71 and a beta of 1.93.
QEP Resources Company Profile (NYSE:QEP)
QEP Resources, Inc operates as a crude oil and natural gas exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in Western Texas; and Williston Basin in North Dakota. As of December 31, 2018, it had estimated proved reserves of approximately 658.2 MMboe.
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