The President & CEO of QEP Resources (NYSE: QEP) is Buying Shares

By George MacDonald

Today, the President & CEO of QEP Resources (NYSE: QEP), Charles Stanley, bought shares of QEP for $299.1k.

Following Charles Stanley’s last QEP Buy transaction on March 08, 2016, the stock climbed by 7.8%. Charles Stanley increased his holding by 2.26% to a total of $22796049.87.

The company has a one year high of $20.96 and a one year low of $8.54. Currently, QEP Resources has an average volume of 5.21M.

18 different firms, including Barclays and Cantor Fitzgerald, currently also have a Buy rating on the stock. Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $24.00, reflecting a -26.5% downside. Starting in April 2016, QEP received 11 Buy ratings in a row.

Looking at blogger coverage of QEP, there is a 80% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Materials sector.

Over the last 3 months, the insider sentiment on QEP Resources has been negative based on 26 corporate insider transactions. This sentiment is equal to the average sector sentiment of insiders.

QEP Resources, Inc. operates as a holding company which is engaged in natural gas and oil exploration and production. The company also gathers, compresses, treats and processes natural gas. The company focuses its operations in the Rocky Mountain and Midcontinent regions of the United States. The company operates through three major lines of business: QEP Energy, QEP Field Services, and QEP Marketing. Its exploration and production activities are conducted through QEP Energy. The company’s gathering, processing and treating of natural gas is carried through QEP Field Services and also provides midstream services to third-party customers. QEP Marketing provides wholesale marketing and sales of affiliates and third-party natural gas and oil. QEP Resources was founded on May 18, 2010 and is headquartered in Denver, CO.