What’s in QEP Resources Inc After Today’s Bearish Options Activity?

 What's in QEP Resources Inc After Today's Bearish Options Activity?

In today’s session QEP Resources Inc (QEP) recorded an unusually high (1,017) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious QEP decrease. With 1,017 contracts traded and 11414 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: QEP170120P00016000 closed last at: $0.95 or 11.8% up. About 977,885 shares traded hands. QEP Resources Inc (NYSE:QEP) has risen 17.58% since April 13, 2016 and is uptrending. It has outperformed by 13.65% 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 company was initiated on Tuesday, April 12 by JP Morgan. The company was maintained on Thursday, July 14 by Barclays Capital. As per Monday, August 10, the company rating was downgraded by Zacks. The firm has “Outperform” rating by BMO Capital Markets given on Monday, July 18. The stock of QEP Resources Inc (NYSE:QEP) has “Buy” rating given on Thursday, November 19 by Goldman Sachs. On Thursday, October 6 the stock rating was initiated by Mizuho with “Buy”. Raymond James upgraded the stock to “Strong Buy” rating in Friday, April 29 report. The firm has “Hold” rating given on Friday, October 7 by Evercore. Goldman Sachs initiated QEP Resources Inc (NYSE:QEP) on Thursday, October 6 with “Neutral” rating. As per Wednesday, December 9, the company rating was upgraded by Deutsche Bank.

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 Q2 2016. Its up 0.09, from 1.64 in 2016Q1. The ratio increased, 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.
The Ontario – Canada-based Mackenzie Financial has invested 0.16% in QEP Resources Inc (NYSE:QEP). Mitchell has 1.15 million shares for 2.04% of their US portfolio. Virginia Retirement System Et Al last reported 439,000 shares in the company. Sir Mngmt Ltd Partnership last reported 1.61M shares in the company. Carroll Associate Inc accumulated 4,000 shares or 0.01% of the stock. Moreover, Royal Bank Of Scotland Group Incorporated Public Ltd Liability Corporation has 0.19% invested in QEP Resources Inc (NYSE:QEP) for 42,000 shares. Advisory has invested 0% of its portfolio in QEP Resources Inc (NYSE:QEP). Principal Fincl Gp has 891,659 shares for 0.02% of their US portfolio. Advisory Ntwk Ltd Llc accumulated 182 shares or 0% of the stock. Texas Permanent School Fund owns 180,976 shares or 0.04% of their US portfolio. North Amer Management Corp holds 0.05% of its portfolio in QEP Resources Inc (NYSE:QEP) for 17,925 shares. Wellington Shields Capital Mngmt Ltd Company has 10,800 shares for 0.03% of their US portfolio. Moreover, Old Commercial Bank In has 0.01% invested in QEP Resources Inc (NYSE:QEP) for 12,935 shares. Engineers Gate Manager Lp has 0.36% invested in the company for 287,988 shares. Public Employees Retirement Association Of Colorado last reported 47,047 shares in the company.

Insider Transactions: Since June 30, 2016, the stock had 1 insider buy, and 0 sales for $299,184 net activity. STANLEY CHARLES B had bought 16,763 shares worth $299,184.

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 $4.32 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 Globenewswire.com which published an article titled: “QEP Resources, Inc. Resolves South Antelope Midstream Dispute” on November 03, 2016.

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