QEP Resources Price Target Increased to $47.00 by Analysts at Guggenheim (QEP)
Research analysts at Guggenheim upped their price target on shares of QEP Resources (NYSE:QEP) from $45.00 to $47.00 in a report released on Tuesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target indicates a potential upside of 42.86% from the stock’s previous close.
Shares of QEP Resources (NYSE:QEP) traded up 5.82% on Tuesday, hitting $32.90. The stock had a trading volume of 7,278,093 shares. QEP Resources has a 52 week low of $25.99 and a 52 week high of $33.50. The stock’s 50-day moving average is $28.8 and its 200-day moving average is $29.38. The company has a market cap of $5.899 billion and a P/E ratio of 37.78.
QEP Resources (NYSE:QEP) last announced its earnings results on Wednesday, July 31st. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.01. The company had revenue of $751.00 million for the quarter, compared to the consensus estimate of $823.93 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 50.4% on a year-over-year basis. Analysts expect that QEP Resources will post $1.52 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on QEP. Analysts at TheStreet downgraded shares of QEP Resources to a “hold” rating in a research note to investors on Monday, September 16th. Separately, analysts at Deutsche Bank downgraded shares of QEP Resources from a “buy” rating to a “hold” rating in a research note to investors on Friday, September 13th. They now have a $34.00 price target on the stock, down previously from $37.00. Finally, analysts at Robert W. Baird reiterated a “buy” rating on shares of QEP Resources in a research note to investors on Tuesday, August 20th. They now have a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.32.
QEP Resources, Inc (NYSE:QEP) is a holding company.
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