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

QEP Resources Inc (NYSE:QEP) has earned an average recommendation of “Hold” from the nineteen research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.66.

QEP has been the topic of a number of analyst reports. Williams Capital set a $15.00 target price on shares of QEP Resources and gave the stock a “buy” rating in a report on Monday, November 19th. Credit Suisse Group raised shares of QEP Resources from an “underperform” rating to a “neutral” rating and set a $11.00 target price on the stock in a report on Tuesday, November 20th. They noted that the move was a valuation call. Piper Jaffray Companies upped their target price on shares of QEP Resources from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday, November 21st. Zacks Investment Research raised shares of QEP Resources from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, November 22nd. Finally, Cowen initiated coverage on shares of QEP Resources in a report on Thursday, November 29th. They set a “market perform” rating on the stock.

Shares of QEP stock opened at $7.57 on Friday. The company has a market cap of $1.79 billion, a P/E ratio of -44.53 and a beta of 2.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.84. QEP Resources has a 12 month low of $5.00 and a 12 month high of $13.77.

QEP Resources (NYSE:QEP) last announced its quarterly earnings results on Wednesday, February 20th. The pipeline company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.15). The business had revenue of $410.50 million for the quarter, compared to analysts’ expectations of $434.58 million. QEP Resources had a negative net margin of 52.34% and a negative return on equity of 0.73%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. As a group, research analysts forecast that QEP Resources will post 0.4 EPS for the current year.

A number of institutional investors have recently bought and sold shares of QEP. Vanguard Group Inc. increased its holdings in shares of QEP Resources by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 21,420,121 shares of the pipeline company’s stock worth $242,475,000 after buying an additional 254,888 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of QEP Resources by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 21,420,121 shares of the pipeline company’s stock worth $242,475,000 after buying an additional 254,888 shares during the last quarter. BlackRock Inc. increased its holdings in shares of QEP Resources by 3.5% in the 4th quarter. BlackRock Inc. now owns 21,413,968 shares of the pipeline company’s stock worth $120,561,000 after buying an additional 727,179 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of QEP Resources by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,055,887 shares of the pipeline company’s stock worth $101,655,000 after buying an additional 803,139 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of QEP Resources by 15.5% in the 3rd quarter. Alliancebernstein L.P. now owns 11,649,775 shares of the pipeline company’s stock worth $131,875,000 after buying an additional 1,563,066 shares during the last quarter. 99.22% of the stock is currently owned by institutional investors and hedge funds.

About QEP Resources

QEP Resources, Inc, through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado.

Featured Article: How the Consumer Price Index (CPI) is calculated?

Analyst Recommendations for QEP Resources (NYSE:QEP)

Receive News & Ratings for QEP Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QEP Resources and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply