Stock Worth Watching: What’s Propelling QEP Resources Inc to Increase So Much?

Stock Worth Watching: What's Propelling QEP Resources Inc to Increase So Much?

The stock of QEP Resources Inc (NYSE:QEP) is a huge mover today! About 3.89M shares traded hands. QEP Resources Inc (NYSE:QEP) has risen 80.10% since March 2, 2016 and is uptrending. It has outperformed by 71.84% the S&P500.
The move comes after 5 months positive chart setup for the $4.41 billion company. It was reported on Oct, 5 by Barchart.com. We have $29.67 PT which if reached, will make NYSE:QEP worth $2.47B more.

Analysts await QEP Resources Inc (NYSE:QEP) to report earnings on October, 26. They expect $-0.22 EPS, down 2,300.00% or $0.23 from last year’s $0.01 per share. After $-0.23 actual EPS 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. On Wednesday, December 9 the stock rating was upgraded by Deutsche Bank to “Buy”. The stock has “Buy” rating given by Deutsche Bank on Tuesday, June 14. The stock of QEP Resources Inc (NYSE:QEP) has “Outperform” rating given on Friday, August 7 by Imperial Capital. As per Monday, July 18, the company rating was upgraded by BMO Capital Markets. The stock has “Buy” rating given by Cantor Fitzgerald on Wednesday, December 23. The firm has “Mkt Perform” rating by FBR Capital given on Thursday, July 21. The company was maintained on Thursday, July 14 by Barclays Capital. As per Friday, April 29, the company rating was upgraded by Raymond James. The rating was upgraded by Piper Jaffray to “Overweight” on Wednesday, June 15. Drexel Hamilton initiated the stock with “Buy” rating in Wednesday, June 8 report.

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 2016 Q2. 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.
Huntington Bancorp reported 4,666 shares or 0% of all its holdings. Moreover, Assetmark Inc has 0% invested in QEP Resources Inc (NYSE:QEP) for 190 shares. Private Ocean Lc has 150 shares for 0% of their US portfolio. The California-based Analytic Investors Lc has invested 0.05% in QEP Resources Inc (NYSE:QEP). Wellington Shields Capital Limited Liability Corp holds 0.03% of its portfolio in QEP Resources Inc (NYSE:QEP) for 10,800 shares. Sir Management Limited Partnership last reported 4.24% of its portfolio in the stock. D E Shaw & accumulated 0.1% or 2.93M shares. Numeric Ltd Com owns 608,500 shares or 0.1% of their US portfolio. Monarch Asset Management Ltd holds 1.07% or 603,890 shares in its portfolio. Diam holds 0.03% of its portfolio in QEP Resources Inc (NYSE:QEP) for 109,956 shares. Royal Bank Of Canada reported 173,192 shares or 0% of all its holdings. Deutsche National Bank Ag reported 1.30 million shares or 0.02% of all its holdings. Mitchell Gp Incorporated holds 1.15 million shares or 2.04% of its portfolio. Blackrock Fund Advisors has 8.50 million shares for 0.03% of their US portfolio. Ent Fin Services Corporation holds 0% of its portfolio in QEP Resources Inc (NYSE:QEP) for 95 shares.

Insider Transactions: Since June 30, 2016, the stock had 1 insider buy, and 0 selling transactions for $299,184 net activity. STANLEY CHARLES B had bought 16,763 shares worth $299,184.

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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