Quantbot Technologies LP boosted its position in QEP Resources, Inc. (NYSE:QEP) by 321.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,845 shares of the pipeline company’s stock after purchasing an additional 89,891 shares during the quarter. Quantbot Technologies LP’s holdings in QEP Resources were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of QEP. Commerce Bank bought a new stake in QEP Resources in the 2nd quarter worth $102,000. Suntrust Banks Inc. boosted its stake in shares of QEP Resources by 5.8% during the 2nd quarter. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 748 shares in the last quarter. Pitcairn Co. boosted its stake in shares of QEP Resources by 4.3% during the 2nd quarter. Pitcairn Co. now owns 13,512 shares of the pipeline company’s stock valued at $136,000 after purchasing an additional 563 shares in the last quarter. Bbva Compass Bancshares Inc. bought a new stake in shares of QEP Resources during the 3rd quarter valued at about $178,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of QEP Resources during the 3rd quarter valued at about $179,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.
QEP Resources, Inc. (NYSE:QEP) traded up $0.07 during trading on Thursday, reaching $9.19. 3,815,025 shares of the company were exchanged, compared to its average volume of 5,012,552. QEP Resources, Inc. has a 52 week low of $7.02 and a 52 week high of $21.12. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.
QEP Resources (NYSE:QEP) last announced its earnings results on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.11. The business had revenue of $390.10 million for the quarter, compared to the consensus estimate of $393.87 million. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.21) earnings per share. equities research analysts predict that QEP Resources, Inc. will post -0.44 earnings per share for the current fiscal year.
Several research firms have recently weighed in on QEP. Barclays boosted their price objective on shares of QEP Resources from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. KLR Group reissued a “buy” rating and set a $14.00 price objective (down from $15.00) on shares of QEP Resources in a report on Wednesday, September 27th. BMO Capital Markets set a $11.00 price objective on shares of QEP Resources and gave the company a “buy” rating in a report on Tuesday, October 10th. ValuEngine upgraded shares of QEP Resources from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus cut their target price on shares of QEP Resources from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. QEP Resources has a consensus rating of “Hold” and a consensus target price of $14.19.
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About QEP Resources
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.
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