QEP Stock Falls On Unusually High Volume (QEP)

NEW YORK ( TheStreet) -- QEP Resources (NYSE: QEP) is trading at unusually high volume Wednesday with five million shares changing hands. It is currently at four times its average daily volume and trading down $2.25 (-5%) at $42.90 as of 3:32 p.m. ET.

QEP has a market cap of $8 billion and is part of the basic materials sector and energy industry. Shares are up 24.3% year to date as of the close of trading on Tuesday.

QEP Resources, Inc., through its subsidiaries, operates as an independent natural gas and oil exploration and production company. The company has a P/E ratio of 31, above the average energy industry P/E ratio of 26.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates QEP as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally poor debt management. You can view the full QEP Ratings Report.

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