QEP Resources Inc (NYSE:QEP)’s share price was down 6.4% during mid-day trading on Thursday . The company traded as low as $9.15 and last traded at $9.17. Approximately 12,559,814 shares changed hands during trading, an increase of 143% from the average daily volume of 5,176,455 shares. The stock had previously closed at $9.80.

A number of equities analysts have issued reports on QEP shares. Williams Capital reiterated a “buy” rating and set a $18.00 price target on shares of QEP Resources in a research note on Monday, July 23rd. Tudor Pickering downgraded QEP Resources from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Credit Suisse Group cut their target price on QEP Resources from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Thursday, July 26th. Johnson Rice downgraded QEP Resources from a “buy” rating to an “accumulate” rating in a research note on Thursday, July 26th. Finally, ValuEngine downgraded QEP Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.53.

The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.79 and a beta of 1.35. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.79.

QEP Resources (NYSE:QEP) last posted its quarterly earnings data on Wednesday, November 7th. The pipeline company reported $0.17 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.18. QEP Resources had a positive return on equity of 7.72% and a negative net margin of 11.89%. The business had revenue of $560.80 million for the quarter, compared to the consensus estimate of $497.45 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. QEP Resources’s revenue for the quarter was up 43.8% on a year-over-year basis. As a group, analysts forecast that QEP Resources Inc will post -0.19 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Trexquant Investment LP lifted its stake in QEP Resources by 81.4% in the third quarter. Trexquant Investment LP now owns 144,444 shares of the pipeline company’s stock valued at $1,635,000 after purchasing an additional 64,829 shares during the last quarter. FMR LLC lifted its stake in QEP Resources by 16.1% in the third quarter. FMR LLC now owns 2,670,837 shares of the pipeline company’s stock valued at $30,234,000 after purchasing an additional 370,157 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in QEP Resources by 26.8% in the third quarter. Rafferty Asset Management LLC now owns 26,448 shares of the pipeline company’s stock valued at $299,000 after purchasing an additional 5,592 shares during the last quarter. Ffcm LLC lifted its stake in QEP Resources by 71.8% in the third quarter. Ffcm LLC now owns 121,266 shares of the pipeline company’s stock valued at $1,373,000 after purchasing an additional 50,681 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in QEP Resources by 1.0% in the third quarter. BlackRock Inc. now owns 20,686,789 shares of the pipeline company’s stock valued at $234,173,000 after purchasing an additional 198,575 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

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About QEP Resources (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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