QEP Announces Closing of Pinedale Divestiture

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QEP Resources (QEP) PT Lowered to $14 at KLR Group; Reiterates Buy

September 27, 2017 10:19 AM EDT

KLR Group lowered its price target on QEP Resources (NYSE: QEP) to $14.00 (from $15.00) while maintaining a Buy rating. A ~3.5% reduction in our '17 oil volume expectation and a ~8% decrease in our '19 forward capex assumptions drove the PT change.

Consecutive quarters of... More