QEP Resources, Inc. (QEP - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $7.16–$8.22 in the past one-month time frame, witnessed a sharp increase yesterday.
The upside was driven by speculations of a potential buyout of the upstream energy company.
The company has seen four positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for QEP Resources. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
QEP Resources currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Another stock worth considering in the Oil and Gas - Exploration and Production - United States industry is Apache Corporation (APA - Free Report) which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
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