Research analysts at Williams Capital initiated coverage on shares of QEP Resources (NYSE:QEP) in a research note issued on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $13.00 price target on the pipeline company’s stock. Williams Capital’s price objective would indicate a potential upside of 39.78% from the stock’s previous close.

A number of other brokerages also recently commented on QEP. Cowen set a $12.00 target price on shares of QEP Resources and gave the stock a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research downgraded shares of QEP Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Barclays lifted their target price on shares of QEP Resources from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. ValuEngine downgraded shares of QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $12.00 target price on shares of QEP Resources in a research note on Sunday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.12.

Shares of QEP Resources (QEP) traded up $0.11 during midday trading on Friday, hitting $9.30. 3,651,600 shares of the stock traded hands, compared to its average volume of 5,006,809. QEP Resources has a 1-year low of $7.02 and a 1-year high of $21.12. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

QEP Resources (NYSE:QEP) last posted its quarterly earnings results on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.11. The firm had revenue of $390.10 million for the quarter, compared to analyst estimates of $393.87 million. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. QEP Resources’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.21) earnings per share. research analysts predict that QEP Resources will post -0.44 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. grew its holdings in QEP Resources by 1.7% during the 2nd quarter. Capstone Asset Management Co. now owns 19,267 shares of the pipeline company’s stock worth $195,000 after acquiring an additional 320 shares in the last quarter. Aperio Group LLC grew its holdings in QEP Resources by 138.5% during the 2nd quarter. Aperio Group LLC now owns 64,425 shares of the pipeline company’s stock worth $651,000 after acquiring an additional 37,409 shares in the last quarter. Texas Permanent School Fund grew its holdings in QEP Resources by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 175,593 shares of the pipeline company’s stock worth $1,773,000 after acquiring an additional 2,117 shares in the last quarter. Sei Investments Co. grew its holdings in QEP Resources by 2.8% during the 2nd quarter. Sei Investments Co. now owns 62,343 shares of the pipeline company’s stock worth $630,000 after acquiring an additional 1,695 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in QEP Resources by 29.2% during the 2nd quarter. Retirement Systems of Alabama now owns 753,048 shares of the pipeline company’s stock worth $7,606,000 after acquiring an additional 170,214 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

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QEP Resources Company Profile

QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.

Analyst Recommendations for QEP Resources (NYSE:QEP)

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