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QEP Resources (NYSE:QEP) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Wednesday, American Banking & Market News reports. They currently have a $31.00 price target on the stock, down from their previous price target of $36.00. Barclays’ price target suggests a potential upside of 2.48% from the stock’s previous close.

A number of other firms have also recently commented on QEP. Analysts at Zacks upgraded shares of QEP Resources from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $32.20 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of QEP Resources from $36.00 to $42.00 in a research note on Wednesday, April 23rd. Finally, analysts at Raymond James cut their price target on shares of QEP Resources from $37.00 to $34.00 in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.56.

Shares of QEP Resources (NYSE:QEP) opened at 30.25 on Wednesday. QEP Resources has a 52 week low of $25.93 and a 52 week high of $34.24. The stock’s 50-day moving average is $30.47 and its 200-day moving average is $30.94. The company has a market cap of $5.412 billion and a price-to-earnings ratio of 34.20.

QEP Resources (NYSE:QEP) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that QEP Resources will post $1.14 earnings per share for the current fiscal year.

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

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