QEP Resources Inc (NYSE:QEP)’s share price gapped up before the market opened on Monday . The stock had previously closed at $10.83, but opened at $11.09. QEP Resources shares last traded at $11.36, with a volume of 3532500 shares traded.

A number of brokerages recently commented on QEP. Johnson Rice downgraded shares of QEP Resources from a “buy” rating to an “accumulate” rating in a research note on Thursday, July 26th. Tudor Pickering downgraded shares of QEP Resources from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. B. Riley boosted their target price on shares of QEP Resources from $9.75 to $12.25 and gave the stock a “neutral” rating in a research note on Monday, June 11th. Piper Jaffray Companies set a $15.00 target price on shares of QEP Resources and gave the stock a “hold” rating in a research note on Monday, July 30th. Finally, TheStreet downgraded shares of QEP Resources from a “c-” rating to a “d+” rating in a research note on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $13.07.

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 company has a market capitalization of $2.63 billion, a P/E ratio of 14.75 and a beta of 1.32.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can boosted its stake in QEP Resources by 2.8% in the first quarter. Great West Life Assurance Co. Can now owns 146,122 shares of the pipeline company’s stock valued at $1,431,000 after acquiring an additional 4,000 shares in the last quarter. M&T Bank Corp boosted its stake in QEP Resources by 44.3% in the first quarter. M&T Bank Corp now owns 14,730 shares of the pipeline company’s stock valued at $144,000 after acquiring an additional 4,524 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in QEP Resources by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 344,774 shares of the pipeline company’s stock valued at $4,227,000 after acquiring an additional 5,169 shares in the last quarter. Van ECK Associates Corp boosted its stake in QEP Resources by 12.0% in the first quarter. Van ECK Associates Corp now owns 49,076 shares of the pipeline company’s stock valued at $480,000 after acquiring an additional 5,242 shares in the last quarter. Finally, People s United Financial Inc. boosted its stake in QEP Resources by 19.8% in the second quarter. People s United Financial Inc. now owns 32,268 shares of the pipeline company’s stock valued at $395,000 after acquiring an additional 5,322 shares in the last quarter. Institutional investors own 99.19% of the company’s stock.

QEP Resources Company Profile (NYSE:QEP)

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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