KLR Group reaffirmed their buy rating on shares of QEP Resources (NYSE:QEP) in a research report sent to investors on Monday. KLR Group currently has a $14.00 price target on the pipeline company’s stock.

A number of other equities analysts have also recently commented on QEP. Stifel Nicolaus set a $19.00 target price on shares of QEP Resources and gave the stock a buy rating in a research report on Tuesday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of QEP Resources from $10.00 to $11.00 and gave the stock a neutral rating in a research report on Tuesday, April 24th. Williams Capital reiterated a buy rating and issued a $16.00 target price on shares of QEP Resources in a research report on Thursday, April 26th. Zacks Investment Research cut shares of QEP Resources from a hold rating to a sell rating in a research report on Thursday, April 26th. Finally, Piper Jaffray Companies cut shares of QEP Resources from an overweight rating to a neutral rating and set a $12.00 target price on the stock. in a research report on Tuesday, May 1st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $13.20.

Shares of NYSE:QEP opened at $9.46 on Monday. The firm has a market capitalization of $2.37 billion, a P/E ratio of 12.25 and a beta of 1.38. QEP Resources has a 52 week low of $7.04 and a 52 week high of $13.77. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.34 and a current ratio of 0.34.

QEP Resources (NYSE:QEP) last issued its earnings results on Wednesday, July 25th. The pipeline company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.18. The company had revenue of $532.40 million for the quarter, compared to analysts’ expectations 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 was up 38.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.12) EPS. equities analysts forecast that QEP Resources will post -0.13 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in QEP. Wells Fargo & Company MN grew its holdings in QEP Resources by 20.7% in the 1st quarter. Wells Fargo & Company MN now owns 2,203,807 shares of the pipeline company’s stock worth $21,576,000 after acquiring an additional 378,106 shares during the last quarter. American Assets Investment Management LLC bought a new stake in shares of QEP Resources during the 1st quarter valued at about $548,000. Comerica Bank boosted its stake in shares of QEP Resources by 1.4% during the 1st quarter. Comerica Bank now owns 568,297 shares of the pipeline company’s stock valued at $6,973,000 after purchasing an additional 7,737 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of QEP Resources by 5.3% during the 1st quarter. Frontier Capital Management Co. LLC now owns 3,015,553 shares of the pipeline company’s stock valued at $29,522,000 after purchasing an additional 152,617 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in shares of QEP Resources during the 1st quarter valued at about $1,204,000. 93.97% of the stock is currently owned by institutional investors and hedge funds.

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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