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Stock analysts at Howard Weil lowered their target price on shares of QEP Resources (NYSE:QEP) from $43.00 to $40.00 in a report issued on Wednesday, AnalystRatings.Net reports. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target suggests a potential upside of 24.92% from the company’s current price.

Shares of QEP Resources (NYSE:QEP) traded down 15.30% during mid-day trading on Wednesday, hitting $27.12. 7,701,462 shares of the company’s stock traded hands. QEP Resources has a 1-year low of $26.24 and a 1-year high of $34.24. The stock’s 50-day moving average is $30.81 and its 200-day moving average is $30.39. The company has a market cap of $4.862 billion and a price-to-earnings ratio of 30.44.

QEP Resources (NYSE:QEP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.06. The company had revenue of $715.00 million for the quarter, compared to the consensus estimate of $821.40 million. Analysts expect that QEP Resources will post $1.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, March 7th. Investors of record on Tuesday, February 25th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Friday, February 21st.

Other equities research analysts have also recently issued reports about the stock. Analysts at Socgen raised their price target on shares of QEP Resources from $36.00 to $38.00 in a research note on Tuesday, February 4th. They now have a “buy” rating on the stock. Separately, analysts at Barclays cut their price target on shares of QEP Resources from $39.00 to $36.00 in a research note on Monday, January 13th. They now have an “overweight” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of QEP Resources from $31.00 to $32.00 in a research note on Tuesday, December 10th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $36.55.

QEP Resources, Inc (NYSE:QEP) is a holding company.

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