QEP Resources (QEP) Given a $15.00 Price Target by Williams Capital Analysts

Williams Capital set a $15.00 target price on QEP Resources (NYSE:QEP) in a research report report published on Wednesday morning. The firm currently has a buy rating on the pipeline company’s stock.

Several other equities analysts have also issued reports on the stock. Tudor Pickering upgraded shares of QEP Resources from a hold rating to a buy rating in a report on Wednesday. Oppenheimer reiterated a buy rating on shares of QEP Resources in a report on Wednesday. Wells Fargo & Co lowered shares of QEP Resources from an outperform rating to a market perform rating and set a $14.00 target price for the company. in a report on Tuesday, October 23rd. KLR Group reiterated a buy rating and set a $14.00 target price on shares of QEP Resources in a report on Monday, August 20th. Finally, TheStreet lowered shares of QEP Resources from a c- rating to a d+ rating in a report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $13.53.

Shares of QEP stock traded down $0.63 during trading hours on Wednesday, hitting $9.17. 12,566,802 shares of the company’s stock traded hands, compared to its average volume of 5,176,487. QEP Resources has a 12-month low of $7.04 and a 12-month high of $13.77. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 11.90 and a beta of 1.35. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.34 and a current ratio of 0.34.

QEP Resources (NYSE:QEP) last released its earnings results on Wednesday, November 7th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.18. QEP Resources had a negative net margin of 13.63% and a positive return on equity of 5.96%. The firm had revenue of $560.80 million during the quarter, compared to analyst estimates of $497.45 million. During the same period last year, the business earned ($0.10) earnings per share. The business’s revenue was up 43.8% on a year-over-year basis. As a group, sell-side analysts forecast that QEP Resources will post -0.2 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vident Investment Advisory LLC raised its holdings in QEP Resources by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 344,774 shares of the pipeline company’s stock worth $4,227,000 after acquiring an additional 5,169 shares during the last quarter. People s United Financial Inc. raised its stake in QEP Resources by 19.8% during the 2nd quarter. People s United Financial Inc. now owns 32,268 shares of the pipeline company’s stock valued at $395,000 after buying an additional 5,322 shares during the last quarter. Federated Investors Inc. PA raised its stake in QEP Resources by 9.4% during the 2nd quarter. Federated Investors Inc. PA now owns 64,125 shares of the pipeline company’s stock valued at $786,000 after buying an additional 5,510 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in QEP Resources by 80.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,142 shares of the pipeline company’s stock valued at $161,000 after buying an additional 5,858 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. raised its stake in QEP Resources by 5.5% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 129,351 shares of the pipeline company’s stock valued at $1,464,000 after buying an additional 6,744 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

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.

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Analyst Recommendations for QEP Resources (NYSE:QEP)

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