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QEP Resources, Inc. (QEP) operates as a natural gas and crude oil exploration and production company in the United States.
The company conducts exploration and production activities in the Pinedale Anticline in western Wyoming; the Williston Basin in North Dakota; the Uinta Basin in eastern Utah; the Permian Basin in western Texas; the Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado.
As of December 31, 2015, it had estimated proved reserves of 3,620.2 billion cubic feet of natural gas equivalents.
The company sells its gas, oil, and natural gas liquids (NGL) to various customers, including gas-marketing firms, industrial users, local-distribution companies, crude oil refiners, and remarketers, as well as markets affiliate and third-party gas, oil, and NGL volumes.
In addition, it operates a gas gathering system and an underground gas storage facility.
Shares are heading higher in an upward "trading channel" and higher share prices are expected for this stock. The formation is supported by the stock's 200-day moving average (shown in green). Higher share prices are expected for this stock. The company is expected to report its results on February 22.
52-Weeks Trading Range: $8.54 - $21.12
Entry Point: $18.10
Stop Loss: $17.20
Target Price: $19.91
QEP closed at $17.17
