NEW YORK (

TheStreet

) --

QEP Resources Inc

(NYSE:

QEP

) hit a new 52-week low Thursday as it is currently trading at $28.70, below its previous 52-week low of $28.74 with 783,916 shares traded as of 1:30 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

QEP has a market cap of $5.9 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 13.6% year to date as of the close of trading on Wednesday.

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 19.5, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates QEP as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally poor debt management. You can view the full

QEP Ratings Report

.

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