Why Has UBS Securities Given Questar Corporation (NYSE:STR) a $19.00 Price Target
UBS Securities has just issued a “Neutral” rating for Questar Corporation (NYSE:STR) shares. The firm have begun coverage on shares of STR in an analyst note sent to clients and investors on Tuesday morning. This Estimated Target Price indicates upside of 0.26% from the previous stock close of Questar Corporation (NYSE:STR).
The stock closed the day at $18.95 during the previous session. It is down 21.86% since April 28, 2015 and is downtrending. It has underperformed by 20.23% the S&P500.
Questar Corporation is an integrated natural gas holding firm that develops, produces and delivers clean energy in the Rockies, North America. The company has a market cap of $3.33 billion. The company, through its subsidiaries is principally engaged in three line of business: Questar Gas Company (Questar Gas), which provides retail natural gas distribution in Utah, Wyoming and Idaho; Wexpro Company (Wexpro) that develops and produces natural gas from cost-of-service reserves for Questar Gas customers, and Questar Pipeline Company, which operates interstate natural gas pipelines and storage facilities in the western United States and provides other energy services. It has 15.17 P/E ratio.
According to Zacks Investment Research, “Questar is a Rockies-based integrated natural gas company. They operate through three principal subsidiaries: Questar Gas provides retail natural gas distribution in Utah, Wyoming and Idaho; Wexpro develops and produces natural gas from cost-of-service reserves for Questar Gas customers; and Questar Pipeline operates interstate natural gas pipelines and storage facilities in the western U.S. and provides other energy services.” Get a free copy of the Zacks research report on Questar Corporation (STR)