QEP Resources, Inc. (QEP) Receives Consensus Rating of “Hold” from Brokerages

Shares of QEP Resources, Inc. (NYSE:QEP) have been assigned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.87.

Several research analysts have commented on the stock. Barclays lifted their price objective 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. KLR Group reaffirmed a “buy” rating and set a $14.00 price objective (down from $15.00) on shares of QEP Resources in a research note on Wednesday, September 27th. BMO Capital Markets set a $11.00 price objective on shares of QEP Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. ValuEngine raised shares of QEP Resources from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus decreased their target price on QEP Resources from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th.

QEP Resources (NYSE QEP) opened at $11.09 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market cap of $2,671.97, a price-to-earnings ratio of -184.80 and a beta of 1.73. QEP Resources has a one year low of $7.02 and a one year high of $18.92.

QEP Resources (NYSE:QEP) last posted its quarterly earnings data on Wednesday, October 25th. The pipeline company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.11. The company had revenue of $390.10 million during 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% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.21) earnings per share. equities analysts anticipate that QEP Resources will post -0.43 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in QEP. Wealthsource Partners LLC raised its holdings in shares of QEP Resources by 0.5% in the second quarter. Wealthsource Partners LLC now owns 24,712 shares of the pipeline company’s stock valued at $250,000 after acquiring an additional 123 shares in the last quarter. Suntrust Banks Inc. raised its holdings in shares of QEP Resources by 5.8% in the second quarter. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company’s stock valued at $135,000 after acquiring an additional 748 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of QEP Resources by 3.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 25,470 shares of the pipeline company’s stock valued at $257,000 after acquiring an additional 778 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of QEP Resources by 1.5% in the second quarter. HighTower Advisors LLC now owns 85,900 shares of the pipeline company’s stock valued at $869,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Kimelman & Baird LLC raised its holdings in shares of QEP Resources by 3.1% in the second quarter. Kimelman & Baird LLC now owns 53,670 shares of the pipeline company’s stock valued at $542,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

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About QEP Resources

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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