Q4 2017 EPS Estimates for QEP Resources Inc (QEP) Increased by Analyst

QEP Resources Inc (NYSE:QEP) – Capital One Financial raised their Q4 2017 earnings per share estimates for QEP Resources in a note issued to investors on Tuesday. Capital One Financial analyst B. Velie now anticipates that the pipeline company will post earnings per share of ($0.04) for the quarter, up from their prior estimate of ($0.07). Capital One Financial also issued estimates for QEP Resources’ FY2018 earnings at ($0.04) EPS.

Several other analysts also recently issued reports on QEP. Barclays boosted their price objective on QEP Resources from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. 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. Mizuho reaffirmed a “hold” rating and set a $11.00 target price on shares of QEP Resources in a research note on Friday, October 27th. SunTrust Banks reaffirmed a “hold” rating and set a $9.00 target price on shares of QEP Resources in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.59.

Shares of QEP Resources (NYSE:QEP) opened at $7.87 on Thursday. 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 stock has a market capitalization of $2,031.08, a PE ratio of -131.14 and a beta of 1.72. QEP Resources has a twelve month low of $7.02 and a twelve month high of $17.58.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of QEP Resources by 1.1% during the second quarter. Vanguard Group Inc. now owns 20,078,248 shares of the pipeline company’s stock worth $202,790,000 after buying an additional 223,181 shares during the last quarter. State Street Corp lifted its holdings in shares of QEP Resources by 16.1% during the second quarter. State Street Corp now owns 10,745,243 shares of the pipeline company’s stock worth $108,526,000 after buying an additional 1,489,661 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of QEP Resources by 47.6% during the third quarter. Dimensional Fund Advisors LP now owns 6,715,171 shares of the pipeline company’s stock worth $57,549,000 after buying an additional 2,166,476 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of QEP Resources by 21.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,032,265 shares of the pipeline company’s stock worth $34,557,000 after buying an additional 716,265 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of QEP Resources by 98.5% during the third quarter. Frontier Capital Management Co. LLC now owns 3,106,908 shares of the pipeline company’s stock worth $26,626,000 after buying an additional 1,541,894 shares during the last quarter. Hedge funds and other institutional investors own 93.41% 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.

Earnings History and Estimates for QEP Resources (NYSE:QEP)

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