Deutsche Bank Starts QEP Resources (QEP) at Buy; Addressing the Value Gap
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Price: $4.08 --0%
Rating Summary:
12 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
12 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Deutsche Bank initiates coverage on QEP Resources (NYSE: QEP) with a Buy. PT $49.00.
Deutsche analyst says, "At a 25-30% discount to closest peers across multiple metrics, QEP offers compelling value amongst the E&Ps. While a diversified business portfolio (E&P, midstream) and asset base (operations in 6 major areas) likely drives a portion of this discount, we believe management addresses this gap over the coming 12-months. QEP is a new entity for some equity investors and delivering on a returns-focused business plan and quarterly production targets should see the gap narrow. If not, we think more aggressive options are available to unlock value."
For more ratings news on QEP Resources click here and for the rating history of QEP Resources click here.
Shares of QEP Resources closed at $36.67 yesterday.
Deutsche analyst says, "At a 25-30% discount to closest peers across multiple metrics, QEP offers compelling value amongst the E&Ps. While a diversified business portfolio (E&P, midstream) and asset base (operations in 6 major areas) likely drives a portion of this discount, we believe management addresses this gap over the coming 12-months. QEP is a new entity for some equity investors and delivering on a returns-focused business plan and quarterly production targets should see the gap narrow. If not, we think more aggressive options are available to unlock value."
For more ratings news on QEP Resources click here and for the rating history of QEP Resources click here.
Shares of QEP Resources closed at $36.67 yesterday.
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