JPMorgan Chase & Co. set a $8.00 price objective on QEP Resources (NYSE:QEP) in a report published on Friday morning. The brokerage currently has a hold rating on the pipeline company’s stock.

Other equities analysts have also recently issued reports about the stock. Williams Capital set a $15.00 price target on shares of QEP Resources and gave the stock a buy rating in a research note on Monday, November 19th. Tudor Pickering raised shares of QEP Resources from a hold rating to a buy rating in a research note on Wednesday, November 7th. Oppenheimer reissued a buy rating on shares of QEP Resources in a research note on Wednesday, November 7th. KLR Group reissued a buy rating and issued a $14.00 price objective on shares of QEP Resources in a research note on Monday, August 20th. Finally, Zacks Investment Research raised shares of QEP Resources from a hold rating to a buy rating and set a $10.00 price objective on the stock in a research note on Thursday, November 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. QEP Resources currently has an average rating of Hold and an average target price of $13.32.

Shares of NYSE:QEP traded up $0.08 on Friday, reaching $7.70. 6,586,410 shares of the company were exchanged, compared to its average volume of 5,058,844. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.73. QEP Resources has a 1-year low of $7.04 and a 1-year high of $13.77. The stock has a market cap of $1.80 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 9.34 and a beta of 1.34.

QEP Resources (NYSE:QEP) last posted its quarterly earnings results on Wednesday, November 7th. The pipeline company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.18. QEP Resources had a negative net margin of 11.89% and a positive return on equity of 7.86%. The business had revenue of $560.80 million for the quarter, compared to analysts’ expectations of $497.45 million. During the same period in the prior year, the company posted ($0.10) EPS. The business’s revenue for the quarter was up 43.8% on a year-over-year basis. Equities analysts anticipate that QEP Resources will post 0.07 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in QEP. Principal Financial Group Inc. lifted its holdings in QEP Resources by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,051,835 shares of the pipeline company’s stock valued at $10,297,000 after purchasing an additional 24,592 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of QEP Resources by 139.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 85,470 shares of the pipeline company’s stock worth $1,048,000 after acquiring an additional 49,764 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of QEP Resources by 8.9% during the 2nd quarter. New York State Teachers Retirement System now owns 349,565 shares of the pipeline company’s stock worth $4,286,000 after acquiring an additional 28,500 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of QEP Resources by 26.8% during the 2nd quarter. Wells Fargo & Company MN now owns 2,794,036 shares of the pipeline company’s stock worth $34,254,000 after acquiring an additional 590,229 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of QEP Resources by 31.5% during the 2nd quarter. First Trust Advisors LP now owns 2,057,371 shares of the pipeline company’s stock worth $25,223,000 after acquiring an additional 492,419 shares during the period.

About QEP Resources

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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