QEP Resources' (QEP) recent operational update was welcomed by Wall Street. Deutsche Bank (DB) recently named it as one of its top ten oil and gas stocks to buy. A Raymond James' (RJF) analyst backed his outperform rating as well. On June 5th, Sterne Agee upgraded QEP to a buy from neutral with a price target of $36/share. Analysts are getting excited about the name for several reasons. Its Bakken results are in the spotlight, as we all like big IP rates, but there are better reasons to own the name. The spinoff of QEP's midstream business should provide a higher multiple for its E&P business. Strengthening natural gas prices should also bolster margins going forward.
Full Article: http://seekingalpha.com/article/1496012 ... urce=yahoo
There is good stuff in this article about the Bakken.