Analysts Recommendation on Qep Resources (QEP)

Elias Hubbard
December 23, 2017

Analyzing the technical facts of QEP Resources, Inc. California Public Employees Retirement System now owns 926,159 shares of the pipeline company's stock valued at $7,937,000 after purchasing an additional 124,834 shares during the last quarter. (NYSE:QEP) for 2.24 million shares. Stifel Nicolaus reduced their target price on shares of QEP Resources from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, September 26th. During the past 20 days, QEP has increased 2.45% while the broad market has increased 3.01%. Asset Management, a Michigan-based fund reported 18,070 shares.

The move comes after 5 months positive chart setup for the $2.33 billion company. The stock increased 1.47% or $0.86 during the last trading session, reaching $59.38. About 3.60M shares traded.

QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. It has outperformed by 29.50% the S&P500.

(QEP). The consensus rating is 2.1, suggesting the market has given up on the stock. (NYSE:QEP). State Teachers Retirement Sys reported 321,065 shares. They expect $-0.07 EPS, up 53.33 % or $0.08 from last year's $-0.15 per share. After $-0.10 actual EPS reported by QEP Resources, Inc. for the previous quarter, Wall Street now forecasts -30.00% EPS growth.

Investors sentiment decreased to 1.23 in Q3 2017. The Price to Sales (P/S) ratio of the stock is 1.39, while P/B (Price to Book) stands at 0.6. 46 funds opened positions while 90 raised stakes. The pipeline company reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.21) by $0.11. Qs Investors Lc accumulated 233,930 shares.

QEP Resources (NYSE:QEP) last released its quarterly earnings data on Wednesday, October 25th. Amer Grp owns 150,941 shares. Walleye Trading Ltd Liability Corporation holds 0% or 115,756 shares. State Of Wisconsin Investment Board invested in 0% or 48,765 shares. Quantitative Management Limited Liability reported 0.11% of its portfolio in QEP Resources, Inc. Moreover, Brinker Cap has 0.01% invested in QEP Resources, Inc.

Credit Suisse "Initiates Coverage On" Qep Resources (NYSE:QEP) in a research note issued to investors on 12/12/17 to Underperform with price target of $9. (NYSE:QEP). Ngam Advsrs Limited Partnership has invested 0.03% in QEP Resources, Inc. State Of New Jersey Common Pension Fund D invested in 160,000 shares or 0.01% of the stock. Balyasny Asset Mngmt Ltd Limited Liability Company stated it has 94,224 shares or 0% of all its holdings. Vanguard Group Inc. now owns 20,078,248 shares of the pipeline company's stock valued at $202,790,000 after acquiring an additional 223,181 shares in the last quarter.

Caymus Capital Partners Lp, which manages about $377.99 million and $794.30 million US Long portfolio, upped its stake in Concho Res Inc (NYSE:CXO) by 68,600 shares to 189,700 shares, valued at $24.99 million in 2017Q3, according to the filing. (NYSE:DNOW) for 542 shares. (NYSE:QEP). This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Therefore 61% are positive. The stock's 52-week range is $7.02 to $19.52, and its 3-month range is $7.30 to $10.62. Cowen & Co maintained the shares of DNOW in report on Friday, October 6 with "Hold" rating. Public Employees Retirement System of OH raised its position in QEP Resources by 77.2% in the 3rd quarter.

QEP Resources, Inc. has a 52 week low of $7.02 and a 52 week high of $19.52. The rating was maintained by Cowen & Co on Tuesday, July 18 with "Buy". JP Morgan has "Overweight" rating and $17 target. The company was initiated on Thursday, March 23 by UBS.

A number of equities analysts have commented on the stock. The rating was maintained by KeyBanc Capital Markets with "Buy" on Friday, September 15. (NYSE:QEP) news was published by Globenewswire.com which published an article titled: "QEP Resources Announces Final Results and Expiration of Tender Offers and ..." on December 06, 2017.

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. The rating was initiated by Goldman Sachs on Thursday, October 6 with "Neutral".

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