QEP Resources, Inc. (NYSE:QEP) Director Julie Dill acquired 5,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was purchased at an average cost of $8.49 per share, with a total value of $42,450.00. Following the completion of the purchase, the director now directly owns 5,525 shares of the company’s stock, valued at approximately $46,907.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
QEP Resources, Inc. (NYSE:QEP) traded up 3.160% during mid-day trading on Friday, hitting $7.345. The stock had a trading volume of 2,975,383 shares. The firm’s market cap is $1.77 billion. QEP Resources, Inc. has a 12-month low of $7.02 and a 12-month high of $21.12. The company has a 50-day moving average of $8.61 and a 200-day moving average of $11.50.
QEP Resources (NYSE:QEP) last issued its quarterly earnings results on Wednesday, July 26th. The pipeline company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.08. QEP Resources had a negative net margin of 3.90% and a negative return on equity of 4.24%. The business had revenue of $383.70 million for the quarter, compared to analysts’ expectations of $413.27 million. During the same quarter last year, the company posted ($0.23) earnings per share. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. Analysts expect that QEP Resources, Inc. will post ($0.62) earnings per share for the current year.
Several institutional investors have recently modified their holdings of QEP. BlackRock Inc. boosted its position in shares of QEP Resources by 12,055.6% in the first quarter. BlackRock Inc. now owns 19,952,610 shares of the pipeline company’s stock valued at $253,598,000 after buying an additional 19,788,467 shares during the last quarter. Boston Partners boosted its position in shares of QEP Resources by 47.8% in the first quarter. Boston Partners now owns 13,088,348 shares of the pipeline company’s stock valued at $166,353,000 after buying an additional 4,231,442 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of QEP Resources by 10.0% in the first quarter. Wellington Management Group LLP now owns 22,993,414 shares of the pipeline company’s stock valued at $292,247,000 after buying an additional 2,097,855 shares during the last quarter. Caymus Capital Partners L.P. boosted its position in shares of QEP Resources by 45.4% in the first quarter. Caymus Capital Partners L.P. now owns 6,710,600 shares of the pipeline company’s stock valued at $85,292,000 after buying an additional 2,096,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of QEP Resources by 77.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,548,695 shares of the pipeline company’s stock valued at $45,941,000 after buying an additional 1,988,685 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the company. Credit Suisse Group assumed coverage on QEP Resources in a report on Thursday, June 1st. They issued a “neutral” rating and a $15.00 target price for the company. J P Morgan Chase & Co lowered QEP Resources from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $11.00 to $9.00 in a report on Thursday, July 27th. Wolfe Research assumed coverage on QEP Resources in a report on Thursday, June 15th. They issued a “market perform” rating for the company. Cowen and Company set a $12.00 target price on QEP Resources and gave the company a “buy” rating in a report on Wednesday, July 19th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $16.00 target price (down from $20.00) on shares of QEP Resources in a report on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.53.
About QEP Resources
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.
Receive News & Ratings for QEP Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QEP Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
