Economy

Somewhat Positive Press Coverage Likely to Affect QEP Resources (QEP) Stock Price

Qep Resources (NYSE:QEP) shares traded -0.54% down during most recent session to reach at the closing price of $9.18. The stock witnessed 0.54% gains, 5.96% gains and 12.62% gains for the 1-month, 3-month and 6-month period, respectively.

A number of hedge funds have recently added to or reduced their stakes in QEP. They issued a "market perform" rating on the stock. Finally, Municipal Employees Retirement System of MI increased its position in shares of QEP Resources by 0.3% in the first quarter. Paloma Partners Management Co now owns 133,439 shares of the pipeline company's stock valued at $1,696,000 after buying an additional 15,632 shares during the period. Retirement Systems of Alabama raised its stake in shares of QEP Resources by 4.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 84,517 shares of the pipeline company's stock valued at $1,074,000 after buying an additional 1,200 shares during the period. Capstone Asset Management Co. increased its position in shares of QEP Resources by 1.7% in the second quarter. Flinton Capital Management LLC now owns 13,040 shares of the pipeline company's stock worth $166,000 after buying an additional 544 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of QEP Resources by 9.8% in the fourth quarter. Capstone Asset Management Co. now owns 19,267 shares of the pipeline company's stock worth $195,000 after buying an additional 320 shares in the last quarter. Thrivent Financial for Lutherans now owns 41,060 shares of the pipeline company's stock worth $756,000 after buying an additional 3,340 shares during the last quarter. Institutional investors own 92.24% of the company's stock.

ILLEGAL ACTIVITY WARNING: "QEP Resources, Inc". Atlantic Trust Gp Ltd Com stated it has 0.02% in QEP Resources Inc (NYSE:QEP). (NYSE:QEP) stock went gone down with a prior 52-week high of $21.12.During the session shares traded on below-average volume. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy QEP Resources, Inc. Analysts have a mean recommendation of 2.10 on this stock.

Over the past 50 days, QEP Resources, Inc. stock's -22.58% off of the high and 7.93% removed from the low. The pipeline company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.07. The firm had revenue of $420.10 million during the quarter, compared to analysts' expectations of $402.16 million. During the same quarter previous year, the business posted ($0.53) earnings per share.

On average, analysts expect that QEP Resources will report full-year earnings of ($0.64) per share for the current year, with EPS estimates ranging from ($0.79) to ($0.35). Teacher Retirement System of Texas boosted its position in shares of QEP Resources by 1.6% in the first quarter. "(QEP)" was reported by BBNS and is the property of of BBNS. If you are viewing this article on another domain, it was copied illegally and reposted in violation of worldwide copyright and trademark law. The original version of this piece can be viewed at https://transcriptdaily.com/2017/07/13/qep-resources-inc-nyseqep-receives-19-36-average-target-price-from-brokerages-updated.html.

A number of analysts have recently commented on the company. Stifel Nicolaus assumed coverage on QEP Resources in a report on Wednesday, April 12th. They issued a "buy" rating and a $21.00 price objective for the company. Finally, FBR & Co set a $20.00 target price on QEP Resources and gave the stock a "buy" rating in a research note on Saturday, April 15th. Out of 5 Wall Street analysts rating QEP Resources, 4 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". They now have a Dollars 15 price target on the stock. Barclays PLC restated a "buy" rating and set a $10.00 target price on shares of QEP Resources in a report on Friday, July 7th.

Based on the latest notes released to investors, 7 analysts have issued a rating of "buy", 7 analysts "outperform", 8 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

QEP Resources, Inc is an independent crude oil and natural gas exploration and production company.



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