QEP Stock Falls On Unusually High Volume (QEP)

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 ( TheStreet) -- QEP Resources (NYSE: QEP) is trading at unusually high volume Wednesday with 3.8 million shares changing hands. It is currently at two times its average daily volume and trading down $1.79 (-6.2%) at $26.92 as of 1:47 p.m. ET.

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QEP has a market cap of $5.14 billion and is part of the basic materials sector and energy industry. Shares are down 5.2% 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 39.8, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates QEP as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full QEP Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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