BMO Capital Thinks QEP Resources’ Stock is Going to Recover

By Jason Carr

In a report released yesterday, Randy Ollenberger from BMO Capital reiterated a Buy rating on QEP Resources (NYSE: QEP), with a price target of $11. The company’s shares closed yesterday at $9.80, close to its 52-week high of $21.12.

According to, Ollenberger is ranked 0 out of 5 stars with an average return of -11.2% and a 25.6% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Spectra Energy Partners.

QEP Resources has an analyst consensus of Strong Buy, with a price target consensus of $16.80.

The company has a one year high of $21.12 and a one year low of $8.78. Currently, QEP Resources has an average volume of 4.88M.

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QEP Resources, Inc. is a holding company, which engages in the exploration and production of oil and natural gas properties. It focuses in 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).