What’s Ahead for QEP Resources, Inc. (QEP) After Today’s Big Increase?

February 20, 2018 - By Richard Conner

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.07, from 1.3 in 2017Q2. It dropped, as 37 investors sold QEP Resources, Inc. shares while 74 reduced holdings. 46 funds opened positions while 90 raised stakes. 219.29 million shares or 0.85% less from 221.16 million shares in 2017Q2 were reported.
Guinness Atkinson Asset Mngmt reported 50,500 shares. 80,824 were reported by Suntrust Banks. 100,361 are owned by Raymond James Financial Advsr. Vr Advisory Serv invested in 0.43% or 88,100 shares. State Street Corp invested 0.01% in QEP Resources, Inc. (NYSE:QEP). State Teachers Retirement reported 0.01% stake. Passport Limited Liability Corporation holds 512,684 shares or 1.21% of its portfolio. Legal And General Grp Inc Public Limited Co accumulated 368,973 shares or 0% of the stock. Bbva Compass Bank & Trust Inc has 0.01% invested in QEP Resources, Inc. (NYSE:QEP). First Mercantile stated it has 27,460 shares. Teachers Retirement System Of The State Of Kentucky has 44,520 shares for 0% of their portfolio. Federated Investors Inc Pa has 0% invested in QEP Resources, Inc. (NYSE:QEP). Pitcairn Communication stated it has 15,555 shares. Manufacturers Life The invested 0% in QEP Resources, Inc. (NYSE:QEP). Invesco Ltd has 9.31M shares for 0.03% of their portfolio.

The stock of QEP Resources, Inc. (NYSE:QEP) is a huge mover today! The stock increased 1.04% or $0.09 during the last trading session, reaching $8.77. About 4.21M shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since February 20, 2017 and is downtrending. It has underperformed by 51.27% the S&P500.
The move comes after 9 months positive chart setup for the $2.11B company. It was reported on Feb, 20 by Barchart.com. We have $9.21 PT which if reached, will make NYSE:QEP worth $105.65M more.

Analysts await QEP Resources, Inc. (NYSE:QEP) to report earnings on February, 28. They expect $-0.07 earnings per share, up 53.33 % or $0.08 from last year’s $-0.15 per share. After $-0.10 actual earnings per share reported by QEP Resources, Inc. for the previous quarter, Wall Street now forecasts -30.00 % EPS growth.

QEP Resources, Inc. (NYSE:QEP) Ratings Coverage

Among 25 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 1 Sell and 11 Hold. Therefore 52% are positive. QEP Resources has $29 highest and $8 lowest target. $15’s average target is 71.04% above currents $8.77 stock price. QEP Resources had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Overweight” rating by JP Morgan given on Tuesday, April 12. The company was upgraded on Wednesday, June 15 by Piper Jaffray. Barclays Capital maintained the stock with “Equalweight” rating in Thursday, July 14 report. The firm earned “Outperform” rating on Friday, February 10 by Wells Fargo. The firm earned “Buy” rating on Monday, August 10 by Zacks. The firm has “Neutral” rating given on Tuesday, March 21 by Mizuho. The stock of QEP Resources, Inc. (NYSE:QEP) earned “Buy” rating by Cowen & Co on Tuesday, July 18. The firm has “Outperform” rating by FBR Capital given on Tuesday, January 3. As per Friday, October 7, the company rating was initiated by Evercore. Goldman Sachs initiated the shares of QEP in report on Thursday, October 6 with “Neutral” rating.

Another recent and important QEP Resources, Inc. (NYSE:QEP) news was published by Globenewswire.com which published an article titled: “QEP Resources Reschedules Fourth Quarter and Full Year 2017 Financial and …” on February 14, 2018.

QEP Resources, Inc., through its subsidiaries, operates as a natural gas and crude oil exploration and production firm in the United States. The company has market cap of $2.11 billion. The firm conducts exploration and production activities in the Williston Basin in North Dakota, Permian Basin in western Texas; Pinedale Anticline in western Wyoming; Uinta Basin in eastern Utah; Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado. It currently has negative earnings. As of December 31, 2016, it had estimated proved reserves of 731.4 MMboe.

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