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QEP Resources (NYSE:QEP) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.
QEP has been the topic of a number of other research reports. Williams Capital set a $15.00 price target on shares of QEP Resources and gave the stock a “buy” rating in a research note on Monday, August 20th. Oppenheimer initiated coverage on shares of QEP Resources in a research note on Wednesday, October 3rd. They issued an “outperform” rating and a $15.00 price target on the stock. Wells Fargo & Co cut shares of QEP Resources from an “outperform” rating to a “market perform” rating and set a $14.00 price target on the stock. in a research note on Tuesday, October 23rd. KLR Group reiterated a “buy” rating and issued a $14.00 price target on shares of QEP Resources in a research note on Monday, August 20th. Finally, Tudor Pickering upgraded shares of QEP Resources from a “hold” rating to a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $13.53.
QEP Resources stock traded down $0.63 during mid-day trading on Thursday, reaching $9.17. The stock had a trading volume of 12,559,800 shares, compared to its average volume of 5,176,455. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 11.91 and a beta of 1.35. QEP Resources has a one year low of $7.04 and a one year high of $13.77. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.34 and a quick ratio of 0.34.
QEP Resources (NYSE:QEP) last announced its quarterly earnings results on Wednesday, November 7th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.18. The company had revenue of $560.80 million for the quarter, compared to analysts’ expectations of $497.45 million. QEP Resources had a negative net margin of 13.63% and a positive return on equity of 5.96%. QEP Resources’s revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) EPS. On average, equities analysts expect that QEP Resources will post -0.2 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vident Investment Advisory LLC lifted its stake in QEP Resources by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 344,774 shares of the pipeline company’s stock valued at $4,227,000 after acquiring an additional 5,169 shares during the period. People s United Financial Inc. lifted its stake in QEP Resources by 19.8% during the 2nd quarter. People s United Financial Inc. now owns 32,268 shares of the pipeline company’s stock valued at $395,000 after acquiring an additional 5,322 shares during the period. Federated Investors Inc. PA lifted its stake in QEP Resources by 9.4% during the 2nd quarter. Federated Investors Inc. PA now owns 64,125 shares of the pipeline company’s stock valued at $786,000 after acquiring an additional 5,510 shares during the period. Cubist Systematic Strategies LLC lifted its stake in QEP Resources by 80.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,142 shares of the pipeline company’s stock valued at $161,000 after acquiring an additional 5,858 shares during the period. Finally, Eagle Boston Investment Management Inc. lifted its stake in QEP Resources by 5.5% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 129,351 shares of the pipeline company’s stock valued at $1,464,000 after acquiring an additional 6,744 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.