QEP Resources Inc. (QEP) Shares Sold by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA cut its position in shares of QEP Resources Inc. (NYSE:QEP) by 18.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 205,777 shares of the company’s stock after selling 45,323 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.09% of QEP Resources worth $4,019,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of QEP. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of QEP Resources by 24.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 40,872 shares of the company’s stock worth $721,000 after buying an additional 7,940 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of QEP Resources during the second quarter worth about $1,886,000. Public Employees Retirement System of Ohio boosted its stake in shares of QEP Resources by 17.3% in the second quarter. Public Employees Retirement System of Ohio now owns 85,627 shares of the company’s stock worth $1,510,000 after buying an additional 12,625 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of QEP Resources by 39.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 701,529 shares of the company’s stock worth $12,368,000 after buying an additional 199,401 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of QEP Resources by 48.9% in the second quarter. Amalgamated Bank now owns 29,333 shares of the company’s stock worth $563,000 after buying an additional 9,629 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.
QEP Resources Inc. (NYSE:QEP) traded down 4.89% during mid-day trading on Monday, hitting $17.32. 2,197,597 shares of the company traded hands. The firm’s market capitalization is $4.15 billion. QEP Resources Inc. has a one year low of $8.54 and a one year high of $20.96. The firm has a 50 day moving average of $17.37 and a 200 day moving average of $18.20.
QEP Resources (NYSE:QEP) last announced its quarterly earnings data on Wednesday, October 26th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.03. The business had revenue of $382.40 million for the quarter. QEP Resources had a negative net margin of 79.57% and a negative return on equity of 5.55%. The business’s revenue was down 24.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. Equities research analysts expect that QEP Resources Inc. will post ($1.17) earnings per share for the current fiscal year.
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A number of brokerages have recently issued reports on QEP. Zacks Investment Research cut shares of QEP Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. Evercore ISI assumed coverage on shares of QEP Resources in a report on Friday, October 7th. They issued a “hold” rating and a $22.00 price target on the stock. Goldman Sachs Group Inc. assumed coverage on shares of QEP Resources in a report on Thursday, October 6th. They issued a “neutral” rating and a $21.00 price target on the stock. Mizuho assumed coverage on shares of QEP Resources in a report on Wednesday, October 5th. They issued a “buy” rating and a $24.00 price target on the stock. Finally, Barclays PLC raised shares of QEP Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $17.00 to $22.00 in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.40.
About QEP Resources
QEP Resources, Inc (QEP) is a holding company with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy), and oil and gas marketing, operation of a gas gathering system and an underground gas storage facility, and corporate activities (QEP Marketing and Other).
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