Upgrade Alert for Questar (STR)
Questar (NYSE:STR) was upgraded from Neutral to Buy at Citigroup today. The stock closed yesterday at $22.37 on volume of 1.1 million shares, below average daily volume of 1.2 million.
Questar (NYSE:STR) is currently priced 3.0% above its average consensus analyst price target of $21.71. Questar shares have support at the 200-day moving average (MA) of $20.04 and additional support at the 50-day MA of $19.93.
In the past 52 weeks, Questar share prices have been bracketed by a low of $17.20 and a high of $22.38 and closed yesterday at $22.37, 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
Questar Corporation is a natural gas-focused energy company. The Company's operations include gas and oil exploration and production, midstream field services, energy marketing, interstate gas transportation, and retail gas distribution.
SmarTrend recommended that subscribers consider buying shares of Questar on January 3rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.38. Since that recommendation, shares of Questar have risen 9.8%. We continue to monitor STR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades questar