Economy

Brokers Recommendations on: QEP Resources, Inc. (QEP)

Brokers Recommendations on: QEP Resources, Inc. (QEP)”

QEP Resources, Inc. (NYSE:QEP) reported its EPS in the last quarter as $-0.1/Share beating the analyst estimate of $-0.21/Share by a difference of $0.11.

In addition to Barclays Capital reporting its stock price target, a total of 16 brokers have issued a report on the company. Quantitative Systematic Strategies LLC owned approximately 0.08% of QEP Resources worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in QEP. UBS Asset Management Americas Inc. lifted its stake in shares of QEP Resources by 7.8% in the 1st quarter. Credit Agricole S A now owns 21,593 shares of the pipeline company's stock valued at $274,000 after purchasing an additional 8,988 shares during the period.

For the Current Quarter, the growth estimate for QEP Resources, Inc.is 33.3%, while for the Next Quarter the stock growth estimate is 64.3%. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company's stock worth $135,000 after purchasing an additional 748 shares during the last quarter.

Shares of QEP Resources (NYSE:QEP) were downgraded to a "Equal Weight" rating by analysts at Barclays Capital. Raymond James Financial Services Advisors Inc. now owns 114,013 shares of the pipeline company's stock worth $1,152,000 after acquiring an additional 17,642 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of QEP Resources by 9.8% in the 2nd quarter. Arizona State Retirement System now owns 101,400 shares of the pipeline company's stock worth $1,024,000 after acquiring an additional 1,700 shares in the last quarter. Finally, State Treasurer State of MI raised its stake in QEP Resources by 1.5% in the third quarter. Caymus Capital Partners L.P. now owns 7,931,300 shares of the pipeline company's stock valued at $80,106,000 after buying an additional 1,220,700 shares during the period. The company's institutional ownership is monitored at 93.8 percent.

Several analysts have recently commented on the company.

Previously on 9/26/2017, Stifel Nicolaus reported on QEP Resources (NYSE:QEP) reduced the target price from $26.00 to $23.00. According to today's trading volume QEP Resources, Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Finally, BMO Capital Markets set a $11.00 price objective on QEP Resources and gave the company a "buy" rating in a research report on Tuesday, October 10th. The stock of QEP Resources Inc (NYSE:QEP) earned "Buy" rating by Cowen & Co on Wednesday, September 27. Deutsche Bank AG cut QEP Resources from a "buy" rating to a "hold" rating and cut their price objective for the company from $18.00 to $13.00 in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock.

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 119.22, and a price to sales ratio of 8.68.

QEP Resources Inc. has a 52 week low of $8.54 and a 52 week high of $20.96. Mizuho began coverage on shares of QEP Resources in a report on Wednesday, October 5th. The company has Beta Value of 1.7 and ATR value of 0.48.

QEP Resources is a leading independent natural gas and oil exploration and production company.

QEP Resources (NYSE:QEP) last announced its earnings results on Wednesday, October 26th.

For the current quarter, 19 analysts are projecting a mean EPS of $-0.1/share. QEP Resources had a negative return on equity of 5.55% and a negative net margin of 79.57%. The business had revenue of $382.40 million for the quarter. During the same period in the prior year, the firm earned ($0.21) earnings per share. 2 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data.

ILLEGAL ACTIVITY WARNING: "Parametric Portfolio Associates LLC Has $4.16 Million Position in QEP Resources, Inc. LLC" was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and worldwide copyright legislation. Bank of New York Mellon Corp now owns 3,464,295 shares of the company's stock worth $67,658,000 after buying an additional 236,154 shares during the last quarter. The last closing price is up -7.18% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time period.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -6.77%, and has a solid year to date (YTD) performance of -45.68% which means that the stock is constantly adding to its value from the previous fiscal year end price. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The Firm conducts exploration and production activities in North America's hydrocarbon resource plays. The Company's operations are focused in the Rocky Mountain and Midcontinent regions of the United States.

Want to see what other hedge funds are holding QEP?



Like this

Latest


09 November 2017
Enbridge Energy, LP (EEP) Shares Bought by Adams Asset Advisors LLC
The price-to-earnings ratio (P/E) is a valuation method used to compare a company's current share price to its per-share earnings. The ability for Spectra Energy Partners, LP to pay these debts is as follows; current ratio is 0.2 and quick ratio comes to 0.2.

09 November 2017
Pentagon Knew Of Lapses Reporting Crimes To FBI
The USAF has initiated a review as to why Kelley's case, and cases like his, were never reported to the NICBCS. On Sunday, a gunman opened fire at the First Baptist Church in Sutherland Springs, Texas, killing 26 people.

09 November 2017
Hard Facts About Marathon Oil Corporation (NYSE:MRO)
Shares of Marathon Petroleum Corporation (NYSE: MPC ) have been recently spotted trading 0.53% off of the 52-week high price. Cap Advsr Ltd Limited Com reported 97 shares or 0% of all its holdings. 79 funds opened positions while 205 raised stakes.

09 November 2017
Ashley Young dreaming of the World Cup after England recall
But after a run of good form, a switch of position and, to be frank, a paucity of other options for Gareth Southgate , he's back. The pair now have the chance to transfer club form to the worldwide stage together after Young's long-awaited recall.

09 November 2017
Police arrest man who escaped on a snowmobile after carjacking
Anyone wishing to remain anonymous can contact Crime Stoppers at 1-800-222-8477 (TIPS), by Internet at tipsubmit.com or by SMS. Officers from seven area detachments were involved, including a dog unit, the emergency response team and an RCMP helicopter.

09 November 2017
No 'additional damage' found in Texans' Deshaun Watson's knee during ACL surgery
In seven games, Watson threw for 1,699 yards, 19 touchdowns and eight interceptions, while rushing for 269 yards and two scores. The Texans are 3-4 this season, one game behind the Jacksonville Jaguars and Tennessee Titans in the AFC South.

09 November 2017
Henry Schein, Inc. (NASDAQ:HSIC) Dips Under Moving Averages
The Firm operates through two divisions: healthcare distribution, and technology and value-added services . (HSIC) is 20.78. The company's distance from 52-week high price is -11.99% and while current price is 4.05% from 52-week low price.

09 November 2017
Oppenheimer Holdings, Inc. Lowers LendingClub Corporation (LC) Price Target to $6.25
Nisa Investment Advisors LLC increased its stake in shares of LendingClub Corporation by 4.3% during the second quarter. LendingClub Corporation (NYSE:LC)'s market cap, the total dollar value of all of their outstanding shares, is 2242.26m.

09 November 2017
Which Way Traders Signposts Raytheon Company (RTN), Ross Stores, Inc. (ROST) Stocks?
Johns Investment Management Company LLC bought a new position in shares of Raytheon in the 2nd quarter valued at about $113,000. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company.

09 November 2017
Toronto Dominion Bank Raises Position in Becton, Dickinson and Company (NYSE:BDX)
Taking a further look at some technicals, shares of Becton Dickinson and Company (BDX) have a 200-day moving average of 191.78. Bnp Paribas Arbitrage Sa holds 0.01% or 50,425 shares. 13,530 were reported by Carderock Management Incorporated.



Recommended