Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) is trading at unusually high volume Wednesday with 6.9 million shares changing hands. It is currently at four times its average daily volume and trading down $2.56 (-8.1%) at $28.92 as of 2:46 p.m. ET.
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QEP has a market cap of $5.6 billion and is part of the basic materials sector and energy industry. Shares are up 7.4% year to date as of the close of trading on Tuesday.
QEP Resources, Inc., through its subsidiaries, operates as an independent oil and natural gas exploration and production company. The company has a P/E ratio of 21.9, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates QEP as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and relatively poor performance when compared with the S&P 500 during the past year. You can view the full
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