QEP Resources Inc (NYSE:QEP) has received a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.94.

Several research firms have issued reports on QEP. Williams Capital reaffirmed a “buy” rating and set a $18.00 price target on shares of QEP Resources in a research report on Monday, July 23rd. Tudor Pickering lowered shares of QEP Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. B. Riley upped their price target on shares of QEP Resources from $9.75 to $12.25 and gave the stock a “neutral” rating in a research report on Monday, June 11th. Johnson Rice lowered shares of QEP Resources from a “buy” rating to an “accumulate” rating in a research report on Thursday, July 26th. Finally, ValuEngine lowered shares of QEP Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th.

Shares of QEP stock opened at $11.25 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $2.69 billion, a PE ratio of 14.61 and a beta of 1.32. QEP Resources has a 12 month low of $7.04 and a 12 month high of $13.77.

QEP Resources (NYSE:QEP) last announced its quarterly earnings data on Wednesday, July 25th. The pipeline company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.18. The business had revenue of $532.40 million for the quarter, compared to analyst estimates of $434.12 million. QEP Resources had a negative net margin of 13.63% and a positive return on equity of 5.96%. The firm’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. analysts anticipate that QEP Resources will post -0.12 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Laurion Capital Management LP raised its position in shares of QEP Resources by 117.8% in the second quarter. Laurion Capital Management LP now owns 165,934 shares of the pipeline company’s stock valued at $2,034,000 after purchasing an additional 89,764 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of QEP Resources by 2.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,113,904 shares of the pipeline company’s stock valued at $13,657,000 after purchasing an additional 25,958 shares during the period. Bank of New York Mellon Corp raised its position in shares of QEP Resources by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 3,862,599 shares of the pipeline company’s stock valued at $47,356,000 after purchasing an additional 35,931 shares during the period. Pinnacle Associates Ltd. bought a new position in shares of QEP Resources in the second quarter valued at about $19,702,000. Finally, Hsbc Holdings PLC raised its position in shares of QEP Resources by 3,131.7% in the first quarter. Hsbc Holdings PLC now owns 1,221,630 shares of the pipeline company’s stock valued at $11,959,000 after purchasing an additional 1,183,829 shares during the period. 99.19% of the stock is currently owned by institutional investors.

QEP Resources Company Profile

QEP Resources, Inc, through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado.

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Analyst Recommendations for QEP Resources (NYSE:QEP)

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