QEP Resources Inc (QEP) Receives Average Rating of “Hold” from Brokerages

Shares of QEP Resources Inc (NYSE:QEP) have received a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $12.59.

QEP has been the topic of a number of analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $12.00 price target on shares of QEP Resources in a research report on Sunday, October 22nd. Zacks Investment Research upgraded QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, December 26th. Williams Capital initiated coverage on QEP Resources in a research report on Friday, December 8th. They issued a “buy” rating and a $13.00 price target on the stock. Mizuho upgraded QEP Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, BMO Capital Markets set a $11.00 target price on QEP Resources and gave the company a “buy” rating in a research report on Tuesday, November 14th.

Shares of QEP Resources (QEP) opened at $7.51 on Friday. QEP Resources has a 52-week low of $7.02 and a 52-week high of $17.58. The company has a market capitalization of $1,845.56, a PE ratio of -125.15, a price-to-earnings-growth ratio of 8.45 and a beta of 1.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.54.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in QEP Resources by 1.1% in the second quarter. Vanguard Group Inc. now owns 20,078,248 shares of the pipeline company’s stock worth $202,790,000 after acquiring an additional 223,181 shares in the last quarter. State Street Corp boosted its holdings in QEP Resources by 16.1% in the second quarter. State Street Corp now owns 10,745,243 shares of the pipeline company’s stock worth $108,526,000 after acquiring an additional 1,489,661 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in QEP Resources by 47.6% in the third quarter. Dimensional Fund Advisors LP now owns 6,715,171 shares of the pipeline company’s stock worth $57,549,000 after acquiring an additional 2,166,476 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in QEP Resources by 21.6% in 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 acquiring an additional 716,265 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in QEP Resources by 98.5% in 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 acquiring an additional 1,541,894 shares in the last quarter. Institutional investors and hedge funds 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.

Analyst Recommendations for QEP Resources (NYSE:QEP)

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