QEP Resources, Inc. (NYSE:QEP), with a trailing 12-month price-to-sales ratio of 0.93, is now among the expensive stocks in its industry. The broad Oil & Gas Production industry has an average P/S ratio of 0.68, which is significantly better than the sector’s 10.21. In the past 13-year record, this ratio went down as low as 0.65 and as high as 3.24. Also, it is down from 70% of the total 71 rivals across the globe.
QEP traded at an unexpectedly high level on 03/18/2019 when the stock experienced a 2.38% gain to a closing price of $7.75. The company saw 6036286 shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 4320260 shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 158.06% move, based on the high target price ($20) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $10.51 price target, but the stock is already up 55% from its recent lows. However, the stock is trading at -43.72% versus recent highs ($13.77). Analysts believe that we could see stock price minimum in the $8 range (lowest target price), allowing for another 3.23% jump from its current position. Leading up to this report, we have seen a -5.95% fall in the stock price over the last 30 days and a 5.87% increase over the past 3 months. Overall, the share price is up 37.66% so far this year.QEP Resources, Inc. (QEP) Price Potential
Heading into the stock price potential, QEP Resources, Inc. needs to grow just 16.13% to cross its median price target of $9. In order to determine directional movement, the 50-day and 200-day moving averages for QEP Resources, Inc. (NYSE:QEP) are $7.97 and $8.75. Given that liquidity is king in the short-term, QEP is a stock with 245.11 million shares outstanding that normally trades 5.92% of its float. The stock price recently experienced a 5-day gain of 5.16% with 0.27 average true range (ATR). QEP has a beta of 2.15 and RSI is 46.73.
Investors also need to beware of the Bausch Health Companies Inc. (NYSE:BHC) valuations. The stock trades on a P/S of 1, which suggests that the shares are attractive compared with peers. The broad Major Pharmaceuticals industry has an average P/S ratio of 6.74, which is significantly better than the sector’s 8.82. In the past 13-year record, this ratio went down as low as 0.32 and as high as 10.42. Also, it is up from 85% of the total 775 rivals across the globe.Bausch Health Companies Inc. (BHC)’s Lead Over its Technicals
Bausch Health Companies Inc. by far traveled 64.09% versus a 1-year low price of $14.95. The share price was last seen 2.34% higher, reaching at $24.54 on Mar. 18, 2019. At recent session, the prices were hovering between $23.94 and $24.68. This company shares are 25.39% off its target price of $30.77 and the current market capitalization stands at $8.66B. The recent change has given its price a 3.25% lead over SMA 50 and -13.74% deficit over its 52-week high. The stock witnessed -3.76% declines, 3.76% gains and 6.14% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BHC’s volatility during a week at 1.86% and during a month it has been found around 3.41%.Bausch Health Companies Inc. (NYSE:BHC) Intraday Metrics
Bausch Health Companies Inc. (BHC) exchanged hands at an unexpectedly high level of 4239069 shares over the course of the day. Noting its average daily volume at 2498300 shares each day over the month, this signifies a pretty significant change over the norm.