QEP Resources (NYSE:QEP) has been assigned a $15.00 target price by Mizuho in a report released on Tuesday, January 16th. The firm currently has a “buy” rating on the pipeline company’s stock. Mizuho’s target price would suggest a potential upside of 99.73% from the company’s current price.
Several other brokerages have also recently weighed in on QEP. Barclays cut QEP Resources from an “overweight” rating to an “equal weight” rating and set a $9.00 price objective for the company. in a report on Tuesday, November 7th. ValuEngine raised QEP Resources from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. BMO Capital Markets set a $11.00 price target on QEP Resources and gave the company a “buy” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $12.00 price target on shares of QEP Resources in a research note on Sunday, October 22nd. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $9.00 price target on shares of QEP Resources in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.59.
Shares of QEP Resources (QEP) traded down $0.15 during trading hours on Tuesday, reaching $7.51. The company’s stock had a trading volume of 9,144,207 shares, compared to its average volume of 6,407,808. The company has a market cap of $1,809.42, a PE ratio of -125.15, a P/E/G ratio of 8.28 and a beta of 1.72. QEP Resources has a 12-month low of $7.02 and a 12-month high of $17.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.54.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS acquired a new stake in shares of QEP Resources in the 4th quarter valued at approximately $100,000. Savant Capital LLC acquired a new stake in shares of QEP Resources in the 4th quarter valued at approximately $108,000. Suntrust Banks Inc. boosted its holdings in shares of QEP Resources by 5.8% in the 2nd quarter. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company’s stock valued at $135,000 after buying an additional 748 shares during the last quarter. Southport Management L.L.C. acquired a new stake in shares of QEP Resources in the 3rd quarter valued at approximately $171,000. Finally, Bbva Compass Bancshares Inc. acquired a new stake in shares of QEP Resources in the 3rd quarter valued at approximately $178,000. 93.41% of the stock is owned by institutional investors.
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QEP Resources Company Profile
QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.
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