QEP Resources (QEP) Given a $15.00 Price Target by Mizuho Analysts

QEP Resources (NYSE:QEP) has been given a $15.00 price target by analysts at Mizuho in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the pipeline company’s stock. Mizuho’s target price suggests a potential upside of 36.74% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets set a $11.00 target price on shares of QEP Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies reiterated a “buy” rating and set a $12.00 target price on shares of QEP Resources in a research note on Sunday, October 22nd. Stifel Nicolaus decreased their target price on shares of QEP Resources from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday, September 26th. KLR Group reissued a “buy” rating and set a $14.00 price target (down from $15.00) on shares of QEP Resources in a report on Wednesday, September 27th. Finally, Zacks Investment Research raised shares of QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.00.

Shares of QEP Resources (NYSE QEP) opened at $10.97 on Tuesday. QEP Resources has a 12 month low of $7.02 and a 12 month high of $18.91. The firm has a market cap of $2,640.00, a PE ratio of -182.83 and a beta of 1.73. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

QEP Resources (NYSE:QEP) last announced its earnings results on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.11. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. The business had revenue of $390.10 million during the quarter, compared to the consensus estimate of $393.87 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. research analysts expect that QEP Resources will post -0.43 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its holdings in QEP Resources by 18.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 114,013 shares of the pipeline company’s stock valued at $1,152,000 after buying an additional 17,642 shares in the last quarter. Voya Investment Management LLC increased its holdings in QEP Resources by 8.5% in the second quarter. Voya Investment Management LLC now owns 1,391,614 shares of the pipeline company’s stock valued at $14,055,000 after buying an additional 109,002 shares in the last quarter. Rhumbline Advisers increased its holdings in QEP Resources by 8.9% in the third quarter. Rhumbline Advisers now owns 460,608 shares of the pipeline company’s stock valued at $3,947,000 after buying an additional 37,825 shares in the last quarter. PEAK6 Investments L.P. increased its holdings in QEP Resources by 167.1% in the third quarter. PEAK6 Investments L.P. now owns 49,468 shares of the pipeline company’s stock valued at $424,000 after buying an additional 123,194 shares in the last quarter. Finally, Oslo Asset Management AS purchased a new position in QEP Resources in the third quarter valued at about $10,041,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for QEP Resources (NYSE:QEP)

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