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QEP Resources (NYSE:QEP) target price raised to $24.00, issued a report today by Mizuho Securities

Yesterday QEP Resources (NYSE:QEP) traded 3.32% higher at $18.98. The company’s 50-day moving average is $18.84 and its 200-day moving average is $17.61. The last closing price is up 7.80% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 5,951,252 shares of the stock were exchanged, up from an average trading volume of 4,497,720

QEP Resources (NYSE:QEP) had its target price raised to $24.00 by Mizuho Securities in a report released 10/6/2016. The new target price indicates a possible upside of 0.26% based on the company's last closing price.

See Chart Below

QEP Resources (NYSE:QEP)

QEP Resources has a 52 week low of $8.54 and a 52 week high of $20.96 QEP Resources’s market cap is currently $0.

In addition to Mizuho Securities reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $21.56 with 3 firms rating the stock a strong buy, 8 firms rating the stock a buy, 6 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About QEP Resources (NYSE:QEP)

QEP Resources, Inc. (QEP) is a holding company with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy), and oil and gas marketing, operation of a gas gathering system and an underground gas storage facility, and corporate activities (QEP Marketing and Other). The Company operates through QEP Energy segment. QEP Energy Company conducts exploration and production (E&P) activities in several of North America's hydrocarbon resource plays. The Company's operations are focused in two geographic regions: the Northern Region (primarily in Wyoming, North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. The Company's properties in its Northern Region include Pinedale, Williston Basin, Uinta Basin and Other Northern properties. Its Southern Region includes various properties, such as Permian Basin and Midcontinent operations.

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