QEP Resources, Inc. (QEP) Given a $11.00 Price Target by BMO Capital Markets Analysts
BMO Capital Markets set a $11.00 price objective on QEP Resources, Inc. (NYSE:QEP) in a research report sent to investors on Tuesday morning. The brokerage currently has a buy rating on the pipeline company’s stock.
QEP has been the topic of a number of other research reports. Zacks Investment Research raised shares of QEP Resources from a hold rating to a buy rating and set a $11.00 target price on the stock in a research note on Thursday, November 2nd. SunTrust Banks, Inc. reissued a hold rating and issued a $9.00 target price on shares of QEP Resources in a research note on Wednesday, November 1st. Barclays PLC cut their target price on shares of QEP Resources from $9.00 to $8.00 and set an overweight rating on the stock in a research note on Tuesday, September 26th. Cowen and Company set a $12.00 target price on shares of QEP Resources and gave the company a buy rating in a research note on Friday, August 25th. Finally, Mizuho reaffirmed a hold rating and set a $11.00 price target on shares of QEP Resources in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $14.19.
QEP Resources (QEP) opened at $8.80 on Tuesday. QEP Resources has a one year low of $7.02 and a one year 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 issued its earnings results on Wednesday, October 25th. The pipeline company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $393.87 million. During the same quarter last year, the firm posted ($0.21) EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. sell-side analysts expect that QEP Resources will post -0.46 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in QEP. OppenheimerFunds Inc. grew its holdings in QEP Resources by 72.1% during the 1st quarter. OppenheimerFunds Inc. now owns 25,695 shares of the pipeline company’s stock worth $327,000 after acquiring an additional 10,761 shares in the last quarter. Capstone Asset Management Co. grew its holdings in QEP Resources by 1.7% during the 2nd quarter. Capstone Asset Management Co. now owns 19,267 shares of the pipeline company’s stock worth $195,000 after acquiring an additional 320 shares in the last quarter. Creative Planning grew its holdings in QEP Resources by 221.3% during the 2nd quarter. Creative Planning now owns 111,539 shares of the pipeline company’s stock worth $1,127,000 after acquiring an additional 76,823 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in QEP Resources by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 88,205 shares of the pipeline company’s stock worth $891,000 after acquiring an additional 3,688 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in QEP Resources by 12.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,316,000 shares of the pipeline company’s stock worth $33,492,000 after acquiring an additional 373,250 shares in the last quarter. 89.49% of the stock is owned by institutional investors.
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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