ValuEngine upgraded shares of QEP Resources (NYSE:QEP) from a sell rating to a hold rating in a report published on Monday, February 4th.
A number of other analysts also recently issued reports on the stock. Oppenheimer reissued a buy rating on shares of QEP Resources in a report on Friday, October 19th. Wells Fargo & Co downgraded shares of QEP Resources from an outperform rating to a market perform rating and set a $14.00 price target for the company. in a report on Tuesday, October 23rd. Tudor Pickering raised shares of QEP Resources from a hold rating to a buy rating in a research note on Wednesday, November 7th. Williams Capital set a $15.00 price objective on shares of QEP Resources and gave the company a buy rating in a research note on Wednesday, November 7th. Finally, Credit Suisse Group upgraded shares of QEP Resources from an underperform rating to a neutral rating and set a $11.00 price target for the company in a research report on Tuesday, November 20th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. QEP Resources presently has a consensus rating of Hold and a consensus price target of $13.07.
QEP traded up $0.17 during trading on Monday, hitting $7.93. The company had a trading volume of 3,381,709 shares, compared to its average volume of 4,130,170. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 0.91. QEP Resources has a one year low of $5.00 and a one year high of $13.77. The stock has a market capitalization of $1.88 billion, a P/E ratio of -46.65, a P/E/G ratio of 1.93 and a beta of 2.10.
QEP Resources (NYSE:QEP) last released its quarterly earnings data on Wednesday, February 20th. The pipeline company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). QEP Resources had a negative return on equity of 0.73% and a negative net margin of 52.34%. The firm had revenue of $410.50 million for the quarter, compared to analyst estimates of $434.58 million. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts predict that QEP Resources will post 0.4 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System increased its position in QEP Resources by 1.0% during the 4th quarter. Arizona State Retirement System now owns 169,940 shares of the pipeline company’s stock valued at $957,000 after purchasing an additional 1,675 shares during the period. United Services Automobile Association grew its position in shares of QEP Resources by 4.0% in the 4th quarter. United Services Automobile Association now owns 45,063 shares of the pipeline company’s stock worth $254,000 after buying an additional 1,733 shares during the period. FDx Advisors Inc. grew its position in shares of QEP Resources by 11.2% in the 4th quarter. FDx Advisors Inc. now owns 20,771 shares of the pipeline company’s stock worth $117,000 after buying an additional 2,100 shares during the period. Thrivent Financial for Lutherans boosted its stake in QEP Resources by 5.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 60,157 shares of the pipeline company’s stock worth $339,000 after purchasing an additional 2,848 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its stake in QEP Resources by 7.4% in the 4th quarter. Commonwealth Bank of Australia now owns 52,400 shares of the pipeline company’s stock worth $295,000 after purchasing an additional 3,600 shares in the last quarter. 99.22% of the stock is currently owned by institutional investors.
QEP Resources Company Profile
QEP Resources, Inc, through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado.
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