QEP Resources Inc (QEP) Director David A. Trice Purchases 10,000 Shares
QEP Resources Inc (NYSE:QEP) Director David A. Trice acquired 10,000 shares of QEP Resources stock in a transaction on Thursday, March 8th. The shares were bought at an average price of $9.00 per share, for a total transaction of $90,000.00. Following the purchase, the director now owns 50,000 shares of the company’s stock, valued at $450,000. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of QEP Resources Inc (QEP) opened at $9.30 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2,241.01, a PE ratio of 12.08 and a beta of 1.70. QEP Resources Inc has a fifty-two week low of $7.02 and a fifty-two week high of $13.67.
QEP Resources (NYSE:QEP) last announced its quarterly earnings data on Wednesday, February 28th. The pipeline company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $1.20. The firm had revenue of $429.00 million during the quarter, compared to analyst estimates of $392.01 million. QEP Resources had a return on equity of 5.06% and a net margin of 16.59%. QEP Resources’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.15) earnings per share. equities analysts anticipate that QEP Resources Inc will post -0.42 EPS for the current year.
A number of research analysts have commented on the company. B. Riley started coverage on QEP Resources in a research note on Monday, February 5th. They set a “neutral” rating and a $10.50 price objective on the stock. Deutsche Bank started coverage on QEP Resources in a research report on Thursday, February 1st. They set a “hold” rating and a $11.00 target price on the stock. Zacks Investment Research lowered QEP Resources from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Williams Capital set a $18.00 target price on QEP Resources and gave the stock a “buy” rating in a research report on Thursday, March 1st. Finally, Credit Suisse Group started coverage on QEP Resources in a research report on Monday, December 11th. They set an “underperform” rating and a $9.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. QEP Resources presently has a consensus rating of “Hold” and a consensus price target of $12.87.
Institutional investors have recently made changes to their positions in the stock. Kornitzer Capital Management Inc. KS bought a new stake in QEP Resources in the fourth quarter valued at about $100,000. Savant Capital LLC bought a new stake in QEP Resources in the fourth quarter valued at about $108,000. Tocqueville Asset Management L.P. bought a new stake in QEP Resources in the fourth quarter valued at about $141,000. MANA Advisors LLC bought a new stake in QEP Resources in the fourth quarter valued at about $163,000. Finally, Southport Management L.L.C. bought a new stake in QEP Resources in the third quarter valued at about $171,000. 93.28% of the stock is owned by hedge funds and other 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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