November 29, 2016 - By Ruchi Gupta · 0 Comments
Qep Resources Inc (NYSE:QEP) institutional sentiment decreased to 1.23 in Q2 2016. Its down -0.50, from 1.73 in 2016Q1. The ratio dropped, as 185 funds opened new or increased equity positions, while 107 sold and trimmed equity positions in Qep Resources Inc. The funds in our partner’s database now possess: 202.40 million shares, up from 185.59 million shares in 2016Q1. Also, the number of funds holding Qep Resources Inc in their top 10 equity positions decreased from 5 to 4 for a decrease of 1. Sold All: 34 Reduced: 73 Increased: 121 New Position: 64.
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 $3.86 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.
About 730,533 shares traded hands. QEP Resources Inc (NYSE:QEP) has risen 6.91% since April 26, 2016 and is uptrending. It has outperformed by 1.65% the S&P500.
Analysts await QEP Resources Inc (NYSE:QEP) to report earnings on February, 22. They expect $-0.23 EPS, down 2,200.00% or $0.22 from last year’s $-0.01 per share. After $-0.21 actual EPS reported by QEP Resources Inc for the previous quarter, Wall Street now forecasts 9.52% negative EPS growth.
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.”
Jvl Advisors L.L.C. holds 19.11% of its portfolio in QEP Resources Inc for 4.71 million shares. Caymus Capital Partners L.P. owns 3.58 million shares or 9.43% of their US portfolio. Moreover, Sir Capital Management L.P. has 4.24% invested in the company for 1.61 million shares. The New York-based Encompass Capital Advisors Llc has invested 4.18% in the stock. Vollero Beach Capital Partners Llc, a New York-based fund reported 540,343 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 0 sales for $299,184 net activity.
Ratings analysis reveals 67% of QEP Resources’s analysts are positive. Out of 15 Wall Street analysts rating QEP Resources, 10 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $13 while the high is $29. The stock’s average target of $21.80 is 28.61% above today’s ($16.95) share price. QEP was included in 28 notes of analysts from August 7, 2015. Mizuho initiated QEP Resources Inc (NYSE:QEP) on Thursday, October 6 with “Buy” rating. The stock has “Buy” rating given by KLR Group on Wednesday, March 16. The company was upgraded on Wednesday, June 15 by Piper Jaffray. The stock has “Overweight” rating given by JP Morgan on Tuesday, April 12. The firm has “Neutral” rating by Goldman Sachs given on Thursday, October 6. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, November 19. Zacks downgraded the shares of QEP in a report on Monday, August 10 to “Buy” rating. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, December 9 report. On Wednesday, June 8 the stock rating was initiated by Drexel Hamilton with “Buy”. The firm has “Buy” rating given on Tuesday, June 14 by Deutsche Bank.
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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By Ruchi Gupta