QEP Resources, Inc. (NYSE:QEP)’s share price traded down 5.4% on Tuesday . The stock traded as low as $9.52 and last traded at $9.56. 4,650,438 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 5,016,322 shares. The stock had previously closed at $10.11.

Several equities analysts have recently weighed in on the stock. ValuEngine downgraded shares of QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded 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 Thursday, November 2nd. 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. Stifel Nicolaus reduced 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 note on Tuesday, September 26th. Finally, Mizuho upgraded shares of QEP Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.19.

The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.52.

QEP Resources (NYSE:QEP) last issued its quarterly earnings data on Wednesday, October 25th. The pipeline company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.11. The company had revenue of $390.10 million during the quarter, compared to analysts’ expectations of $393.87 million. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. QEP Resources’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.21) earnings per share. equities analysts forecast that QEP Resources, Inc. will post -0.45 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Commerce Bank purchased a new position in QEP Resources in the 2nd quarter worth approximately $102,000. Suntrust Banks Inc. grew its stake in QEP Resources by 5.8% in the 2nd quarter. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company’s stock worth $135,000 after buying an additional 748 shares in the last quarter. Pitcairn Co. grew its stake in QEP Resources by 4.3% in the 2nd quarter. Pitcairn Co. now owns 13,512 shares of the pipeline company’s stock worth $136,000 after buying an additional 563 shares in the last quarter. Southport Management L.L.C. purchased a new position in QEP Resources in the 3rd quarter worth approximately $171,000. Finally, Bbva Compass Bancshares Inc. purchased a new position in QEP Resources in the 3rd quarter worth approximately $178,000. 93.29% of the stock is owned by institutional investors.

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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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