Price Don’t Lie: Is Selling QEP Resources Inc Here a Winning Strategy?

Price Don't Lie: Is Selling QEP Resources Inc Here a Winning Strategy?

The stock of QEP Resources Inc (NYSE:QEP) is a huge mover today! The stock decreased 2.76% or $0.54 during the last trading session, hitting $19. About 4.05 million shares traded hands. QEP Resources Inc (NYSE:QEP) has risen 97.71% since March 1, 2016 and is uptrending. It has outperformed by 85.49% the S&P500.
The move comes after 8 months negative chart setup for the $4.60 billion company. It was reported on Oct, 4 by We have $17.67 PT which if reached, will make NYSE:QEP worth $322.00M less.

Analysts await QEP Resources Inc (NYSE:QEP) to report earnings on October, 26. They expect $-0.22 earnings per share, down 2,300.00% or $0.23 from last year’s $0.01 per share. After $-0.23 actual earnings per share reported by QEP Resources Inc for the previous quarter, Wall Street now forecasts -4.35% EPS growth.

QEP Resources Inc (NYSE:QEP) Ratings Coverage

Out of 13 analysts covering QEP Resources (NYSE:QEP), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. QEP Resources has been the topic of 25 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks to “Buy” on Monday, August 10. On Friday, August 7 the stock rating was maintained by Imperial Capital with “Outperform”. As per Thursday, July 21, the company rating was initiated by FBR Capital. The stock of QEP Resources Inc (NYSE:QEP) earned “Buy” rating by KLR Group on Wednesday, March 16. Barclays Capital maintained the stock with “Equalweight” rating in Thursday, July 14 report. The stock of QEP Resources Inc (NYSE:QEP) has “Buy” rating given on Tuesday, June 14 by Deutsche Bank. The rating was upgraded by BMO Capital Markets on Monday, July 18 to “Outperform”. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, November 19 report. The rating was upgraded by Raymond James on Friday, April 29 to “Strong Buy”. The firm has “Buy” rating by Deutsche Bank given on Wednesday, December 9.

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.”

Insitutional Activity: The institutional sentiment increased to 1.73 in Q2 2016. Its up 0.09, from 1.64 in 2016Q1. The ratio increased, as 34 funds sold all QEP Resources Inc shares owned while 73 reduced positions. 64 funds bought stakes while 121 increased positions. They now own 202.40 million shares or 9.06% more from 185.59 million shares in 2016Q1.
Pnc Financial Svcs Inc last reported 100,251 shares in the company. Carlson Capital Limited Partnership has invested 0.19% of its portfolio in QEP Resources Inc (NYSE:QEP). Moreover, Advisors Asset Inc has 0% invested in QEP Resources Inc (NYSE:QEP) for 5,000 shares. M&T Bancorp Corp has 0% invested in the company for 15,945 shares. Winfield Assocs owns 110 shares or 0% of their US portfolio. Point72 Asset Lp holds 0.37% of its portfolio in QEP Resources Inc (NYSE:QEP) for 3.05 million shares. Kornitzer Cap Mgmt Ks holds 0.03% of its portfolio in QEP Resources Inc (NYSE:QEP) for 89,585 shares. Klingenstein Fields And Llc has 21,600 shares for 0.02% of their US portfolio. Ancora Advsr Ltd Liability Com reported 98,191 shares or 0.2% of all its holdings. Stevens Capital Management Ltd Partnership last reported 38,945 shares in the company. Highbridge Capital Management Limited Liability Company owns 28,412 shares or 0.01% of their US portfolio. Miller Howard Inc Ny holds 0.01% or 40,679 shares in its portfolio. Tower Cap Limited Liability Company (Trc) has 24,252 shares for 0.04% of their US portfolio. Sg Americas Securities Limited Liability Company has invested 0.01% of its portfolio in QEP Resources Inc (NYSE:QEP). Bluemar Ltd Co has invested 0.61% of its portfolio in QEP Resources Inc (NYSE:QEP).

Insider Transactions: Since June 30, 2016, the stock had 1 buying transaction, and 0 sales for $299,184 net activity. $299,184 worth of shares were bought by STANLEY CHARLES B on Thursday, June 30.

QEP Company Profile

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.

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