Frontier Capital Management Co. LLC increased its position in QEP Resources, Inc. (NYSE:QEP) by 98.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,106,908 shares of the pipeline company’s stock after buying an additional 1,541,894 shares during the period. Frontier Capital Management Co. LLC owned 1.29% of QEP Resources worth $26,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of QEP Resources by 1.0% in the 2nd quarter. BlackRock Inc. now owns 20,160,805 shares of the pipeline company’s stock valued at $203,623,000 after buying an additional 208,195 shares during the period. Vanguard Group Inc. grew its stake in shares of QEP Resources by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 20,078,248 shares of the pipeline company’s stock valued at $202,790,000 after buying an additional 223,181 shares during the period. State Street Corp grew its stake in shares of QEP Resources by 16.1% in the 2nd quarter. State Street Corp now owns 10,745,243 shares of the pipeline company’s stock valued at $108,526,000 after buying an additional 1,489,661 shares during the period. Alliancebernstein L.P. grew its stake in shares of QEP Resources by 9.8% in the 2nd quarter. Alliancebernstein L.P. now owns 8,393,250 shares of the pipeline company’s stock valued at $84,772,000 after buying an additional 746,931 shares during the period. Finally, Caymus Capital Partners L.P. grew its stake in shares of QEP Resources by 18.2% in the 2nd quarter. Caymus Capital Partners L.P. now owns 7,931,300 shares of the pipeline company’s stock valued at $80,106,000 after buying an additional 1,220,700 shares during the period. Institutional investors own 94.61% of the company’s stock.

Several analysts have recently commented on the company. Barclays PLC raised their target price on QEP Resources from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Cowen and Company set a $12.00 target price on QEP Resources and gave the company a “buy” rating in a research note on Wednesday, July 19th. National Securities assumed coverage on QEP Resources in a research note on Monday, July 31st. They issued a “buy” rating and a $11.00 target price for the company. KLR Group reiterated a “buy” rating and set a $14.00 price target (down previously from $15.00) on shares of QEP Resources in a research note on Wednesday, September 27th. Finally, BMO Capital Markets set a $11.00 price target on QEP Resources and gave the company a “buy” rating in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $14.19.

Shares of QEP Resources, Inc. (QEP) opened at $9.72 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.54. QEP Resources, Inc. has a 1 year low of $7.02 and a 1 year high of $21.12.

QEP Resources (NYSE:QEP) last released its quarterly earnings results on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.11. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. The company had revenue of $390.10 million during the quarter, compared to the consensus estimate of $393.87 million. During the same period in the prior year, the firm earned ($0.21) earnings per share. QEP Resources’s revenue was up 2.0% on a year-over-year basis. research analysts expect that QEP Resources, Inc. will post -0.46 earnings per share for the current fiscal year.

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In other QEP Resources news, Director David A. Trice bought 25,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $7.20 per share, with a total value of $180,000.00. Following the completion of the purchase, the director now owns 40,000 shares of the company’s stock, valued at $288,000. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.36% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for QEP Resources (NYSE:QEP)

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