Mizuho set a $15.00 price objective on QEP Resources (NYSE:QEP) in a research report sent to investors on Tuesday. The brokerage currently has a buy rating on the pipeline company’s stock.
A number of other equities analysts also recently weighed in on the stock. Credit Suisse Group initiated coverage on shares of QEP Resources in a research note on Monday, December 11th. They set an underperform rating and a $9.00 target price for the company. Zacks Investment Research raised shares of QEP Resources from a hold rating to a buy rating and set a $11.00 target price for the company in a research note on Tuesday, December 26th. Williams Capital initiated coverage on shares of QEP Resources in a research note on Friday, December 8th. They set a buy rating and a $13.00 target price for the company. Barclays lifted their target price on shares of QEP Resources from $8.00 to $9.00 and gave the stock an overweight rating in a research note on Wednesday, October 11th. Finally, BMO Capital Markets set a $11.00 target price on shares of QEP Resources and gave the stock a buy rating in a research note on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $13.00.
Shares of QEP Resources (NYSE:QEP) traded up $0.06 during midday trading on Tuesday, reaching $10.87. 3,059,727 shares of the company were exchanged, compared to its average volume of 5,271,569. QEP Resources has a fifty-two week low of $7.02 and a fifty-two week high of $18.91. The company has a market capitalization of $2,620.00, a P/E ratio of -181.17 and a beta of 1.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.54.
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, topping analysts’ consensus estimates of ($0.21) by $0.11. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. The business had revenue of $390.10 million during the quarter, compared to the consensus estimate of $393.87 million. During the same quarter last year, the firm earned ($0.21) earnings per share. QEP Resources’s quarterly revenue was up 2.0% on a year-over-year basis. analysts anticipate that QEP Resources will post -0.43 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its holdings in QEP Resources by 18.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 114,013 shares of the pipeline company’s stock worth $1,152,000 after purchasing an additional 17,642 shares during the period. Voya Investment Management LLC grew its holdings in QEP Resources by 8.5% in the second quarter. Voya Investment Management LLC now owns 1,391,614 shares of the pipeline company’s stock worth $14,055,000 after purchasing an additional 109,002 shares during the period. Rhumbline Advisers grew its holdings in QEP Resources by 8.9% in the third quarter. Rhumbline Advisers now owns 460,608 shares of the pipeline company’s stock worth $3,947,000 after purchasing an additional 37,825 shares during the period. PEAK6 Investments L.P. grew its holdings in QEP Resources by 167.1% in the third quarter. PEAK6 Investments L.P. now owns 49,468 shares of the pipeline company’s stock worth $424,000 after purchasing an additional 123,194 shares during the period. Finally, Oslo Asset Management AS acquired a new stake in QEP Resources in the third quarter worth $10,041,000. Institutional investors and hedge funds own 93.14% 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.
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