Credit Suisse Group began coverage on shares of QEP Resources (NYSE:QEP) in a report released on Monday, December 11th, Marketbeat.com reports. The firm set an “underperform” rating and a $9.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target would indicate a potential downside of 6.25% from the company’s current price.
Several other research firms have also commented on QEP. Williams Capital started coverage on shares of QEP Resources in a research report on Friday, December 8th. They set a “buy” rating and a $13.00 price target for the company. Mizuho raised shares of QEP Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 21st. BMO Capital Markets set a $11.00 price target on shares of QEP Resources and gave the company a “buy” rating in a research report on Tuesday, November 14th. Barclays lowered shares of QEP Resources from an “overweight” rating to an “equal weight” rating and set a $9.00 target price for the company. in a report on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of QEP Resources from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $13.76.
Shares of QEP Resources (NYSE QEP) traded down $0.01 during trading on Monday, reaching $9.60. 3,020,000 shares of the company were exchanged, compared to its average volume of 4,620,000. The company has a market cap of $2,310.00, a PE ratio of -160.00 and a beta of 1.73. QEP Resources has a 52 week low of $7.02 and a 52 week high of $19.52. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.
A number of hedge funds have recently bought and sold shares of QEP. Dimensional Fund Advisors LP boosted its position in shares of QEP Resources by 47.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,715,171 shares of the pipeline company’s stock valued at $57,549,000 after acquiring an additional 2,166,476 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in QEP Resources by 98.5% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,106,908 shares of the pipeline company’s stock valued at $26,626,000 after buying an additional 1,541,894 shares during the period. State Street Corp raised its holdings in QEP Resources by 16.1% during the 2nd quarter. State Street Corp now owns 10,745,243 shares of the pipeline company’s stock valued at $108,526,000 after buying an additional 1,489,661 shares during the period. Key Group Holdings Cayman LTD. raised its holdings in QEP Resources by 55.7% during the 2nd quarter. Key Group Holdings Cayman LTD. now owns 3,463,104 shares of the pipeline company’s stock valued at $34,977,000 after buying an additional 1,238,891 shares during the period. Finally, Caymus Capital Partners L.P. raised its holdings in QEP Resources by 18.2% during the 2nd quarter. Caymus Capital Partners L.P. now owns 7,931,300 shares of the pipeline company’s stock valued at $80,106,000 after buying an additional 1,220,700 shares during the period. Institutional investors and hedge funds own 93.12% 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.
