In today’s session QEP Resources Inc (QEP) registered an unusually high (291) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious QEP increase. With 291 contracts traded and 1664 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: QEP161118C00019000 closed last at: $0.25 or 0% . About 2.12 million shares traded hands. QEP Resources Inc (NYSE:QEP) has risen 22.25% since March 29, 2016 and is uptrending. It has outperformed by 18.77% the S&P500.
QEP Resources Inc (NYSE:QEP) Ratings Coverage
Out of 15 analysts covering QEP Resources (NYSE:QEP), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. QEP Resources has been the topic of 28 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, October 6 by Mizuho. The firm earned “Outperform” rating on Friday, August 7 by Imperial Capital. Drexel Hamilton initiated the stock with “Buy” rating in Wednesday, June 8 report. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, November 19. The stock has “Overweight” rating given by JP Morgan on Tuesday, April 12. The rating was initiated by Goldman Sachs on Thursday, October 6 with “Neutral”. The firm has “Outperform” rating by BMO Capital Markets given on Monday, July 18. The stock has “Buy” rating given by Deutsche Bank on Wednesday, December 9. The firm has “Buy” rating given on Wednesday, March 16 by KLR Group. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, December 23.
According to Zacks Investment Research, “QEP Resources is a leading independent natural gas and oil exploration and production company. The Company’s operations are focused in the Rocky Mountain and Midcontinent regions of the United States. The Company also gathers, compresses, treats, and processes natural gas. QEP Resources, Inc. is based in Denver, Colorado.”
Insitutional Activity: The institutional sentiment increased to 1.73 in 2016 Q2. Its up 0.09, from 1.64 in 2016Q1. The ratio is positive, as 34 funds sold all QEP Resources Inc shares owned while 73 reduced positions. 64 funds bought stakes while 121 increased positions. They now own 202.40 million shares or 9.06% more from 185.59 million shares in 2016Q1.
Fmr Lc holds 0.01% or 5.03 million shares in its portfolio. Tci Wealth Advsrs has invested 0% of its portfolio in QEP Resources Inc (NYSE:QEP). Glenmede Na owns 226 shares or 0% of their US portfolio. Cipher Limited Partnership owns 50,100 shares or 0.06% of their US portfolio. Verition Fund Management Ltd last reported 25,386 shares in the company. Credit Suisse Ag holds 0.01% of its portfolio in QEP Resources Inc (NYSE:QEP) for 400,868 shares. Lombard Odier Asset Mgmt (Usa) Corp accumulated 0.39% or 181,298 shares. Arizona State Retirement Sys accumulated 92,764 shares or 0.02% of the stock. Signaturefd Ltd Limited Liability Company last reported 17 shares in the company. Frontier Capital Mngmt Limited Liability Co has 812,817 shares for 0.12% of their US portfolio. Moreover, Oakbrook Invs Ltd Co has 0.02% invested in QEP Resources Inc (NYSE:QEP) for 24,000 shares. State Of Wisconsin Inv Board has invested 0.01% of its portfolio in QEP Resources Inc (NYSE:QEP). Brc Inv Mgmt Ltd Com holds 0.62% of its portfolio in QEP Resources Inc (NYSE:QEP) for 203,346 shares. Guggenheim Capital Ltd Liability Corporation accumulated 171,295 shares or 0.01% of the stock. Ladenburg Thalmann Service, a Florida-based fund reported 1,467 shares.
Insider Transactions: Since June 30, 2016, the stock had 1 buy, and 0 selling transactions for $299,184 net activity. STANLEY CHARLES B also bought $299,184 worth of QEP Resources Inc (NYSE:QEP) on Thursday, June 30.
QEP Resources, Inc. is a holding firm with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: gas and oil exploration and production (QEP Energy), and gas and oil marketing, operation of a gas gathering system and an underground gas storage facility, and corporate activities (QEP Marketing and Other). The company has a market cap of $3.64 billion. The Firm operates through QEP Energy segment. It currently has negative earnings. QEP Energy Company conducts exploration and production (E&P) activities in several of North America’s hydrocarbon resource plays.
QEP Company Profile
QEP Resources, Inc. (QEP), incorporated on May 17, 2010, is a holding firm with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: gas and oil exploration and production (QEP Energy), and gas and oil marketing, operation of a gas gathering system and an underground gas storage facility, and corporate activities (QEP Marketing and Other). The Firm operates through QEP Energy segment. The Company’s activities are focused in two geographic regions: the Northern Region (primarily in Wyoming, North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. The Company’s properties in its Northern Region include Pinedale, Williston Basin, Uinta Basin and Other Northern properties. The Company’s Southern Region includes various properties, such as Permian Basin and Midcontinent operations.
Another recent and important QEP Resources Inc (NYSE:QEP) news was published by Seekingalpha.com which published an article titled: “QEP Resources: A Major Asset Sale May Come Soon” on October 28, 2016.
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