QEP Resources, Inc. QEP was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $7.51–$11.05 in the past one-month time frame, showed a sharp increase yesterday.
The stock was driven after Elliott Management Corp. acquires new stake in the company.
The company has seen a mixed track record when it comes to estimate revisions of three increases and two decreases over the past one month, while the Zacks Consensus Estimate has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
QEP Resources currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
A better-ranked stock in the Oil and Gas – Exploration and Production – United States industry is Cabot Oil & Gas Corporation COG, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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