BidaskClub cut shares of QEP Resources, Inc. (NYSE:QEP) from a sell rating to a strong sell rating in a report issued on Thursday morning.

A number of other equities analysts also recently weighed in on QEP. Stifel Nicolaus initiated coverage on shares of QEP Resources in a research note on Wednesday, April 12th. They set a buy rating and a $21.00 price target on the stock. FBR & Co set a $20.00 price target on shares of QEP Resources and gave the stock a buy rating in a research note on Saturday, April 15th. Barclays PLC reaffirmed an overweight rating and set a $16.00 price target (down previously from $20.00) on shares of QEP Resources in a research note on Saturday, April 22nd. KLR Group increased their price target on shares of QEP Resources from $22.00 to $23.00 and gave the stock a buy rating in a research note on Friday, April 28th. Finally, Credit Suisse Group initiated coverage on shares of QEP Resources in a research note on Thursday, June 1st. They set a neutral rating and a $15.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. QEP Resources presently has a consensus rating of Hold and an average price target of $16.53.

QEP Resources (NYSE QEP) traded up 2.16% during trading on Thursday, hitting $8.52. 6,601,618 shares of the company’s stock traded hands. The stock’s market cap is $2.05 billion. QEP Resources has a 12-month low of $7.62 and a 12-month high of $21.12. The firm’s 50-day moving average price is $9.41 and its 200 day moving average price is $12.52.

QEP Resources (NYSE:QEP) last posted its quarterly earnings results on Wednesday, July 26th. The pipeline company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.08. The company had revenue of $383.70 million for the quarter, compared to the consensus estimate of $413.27 million. QEP Resources had a negative net margin of 3.90% and a negative return on equity of 4.24%. QEP Resources’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.23) earnings per share. Analysts anticipate that QEP Resources will post ($0.73) earnings per share for the current fiscal year.

WARNING: “QEP Resources, Inc. (QEP) Downgraded by BidaskClub” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/qep-resources-inc-qep-downgraded-by-bidaskclub/1464403.html.

A number of large investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. raised its stake in QEP Resources by 5.4% in the first quarter. Suntrust Banks Inc. now owns 12,788 shares of the pipeline company’s stock worth $161,000 after buying an additional 651 shares during the last quarter. Pitcairn Co. raised its stake in QEP Resources by 1.9% in the first quarter. Pitcairn Co. now owns 12,949 shares of the pipeline company’s stock worth $164,000 after buying an additional 239 shares during the last quarter. Flinton Capital Management LLC raised its stake in QEP Resources by 4.4% in the first quarter. Flinton Capital Management LLC now owns 13,040 shares of the pipeline company’s stock worth $166,000 after buying an additional 544 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in QEP Resources by 4.4% in the first quarter. Meadow Creek Investment Management LLC now owns 17,930 shares of the pipeline company’s stock worth $228,000 after buying an additional 748 shares during the last quarter. Finally, M&T Bank Corp raised its stake in QEP Resources by 19.6% in the first quarter. M&T Bank Corp now owns 18,658 shares of the pipeline company’s stock worth $237,000 after buying an additional 3,064 shares during the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for QEP Resources (NYSE:QEP)

Receive News & Ratings for QEP Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QEP Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.