Stock Worth Watching: Time to Buy QEP Resources Inc After Today’s Huge Increase?

Stock Worth Watching: Time to Buy QEP Resources Inc After Today's Huge Increase?

The stock of QEP Resources Inc (NYSE:QEP) is a huge mover today! About 2.74 million shares traded hands. QEP Resources Inc (NYSE:QEP) has risen 0.59% since April 27, 2016 and is uptrending. It has underperformed by 4.63% the S&P500.
The move comes after 8 months positive chart setup for the $4.51B company. It was reported on Nov, 30 by Barchart.com. We have $20.38 PT which if reached, will make NYSE:QEP worth $270.60M more.

Analysts await QEP Resources Inc (NYSE:QEP) to report earnings on February, 22. They expect $-0.23 EPS, down 2,200.00% or $0.22 from last year’s $-0.01 per share. After $-0.21 actual EPS reported by QEP Resources Inc for the previous quarter, Wall Street now forecasts 9.52% negative EPS growth.

QEP Resources Inc (NYSE:QEP) Ratings Coverage

Out of 15 analysts covering QEP Resources (NYSE:QEP), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. QEP Resources has been the topic of 28 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Strong Buy” rating given on Friday, April 29 by Raymond James. Mizuho initiated it with “Buy” rating and $24 target price in Thursday, October 6 report. The firm has “Neutral” rating by Goldman Sachs given on Thursday, October 6. Cantor Fitzgerald initiated the stock with “Buy” rating in Wednesday, December 23 report. The rating was initiated by Drexel Hamilton on Wednesday, June 8 with “Buy”. BMO Capital Markets upgraded the stock to “Outperform” rating in Monday, July 18 report. The firm has “Overweight” rating given on Tuesday, April 12 by JP Morgan. Barclays Capital maintained the stock with “Equalweight” rating in Thursday, July 14 report. As per Thursday, November 19, the company rating was upgraded by Goldman Sachs. The rating was downgraded by Zacks to “Buy” on Monday, August 10.

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 decreased to 1.23 in 2016 Q2. Its down 0.50, from 1.73 in 2016Q1. The ratio fall, 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.
Vollero Beach Cap Prns Llc owns 540,343 shares or 2.17% of their US portfolio. Voya Investment Mngmt Ltd Company has 0.05% invested in the company for 1.14M shares. First Republic Investment Management holds 0% of its portfolio in QEP Resources Inc (NYSE:QEP) for 10,892 shares. First Trust L P reported 2.71M shares or 0.15% of all its holdings. Clear Harbor Asset Ltd Com has 0.41% invested in the company for 105,750 shares. Hanseatic Mngmt Svcs Inc last reported 130 shares in the company. M&T Bancorporation holds 0% or 15,945 shares in its portfolio. Parkside National Bank & Tru has 33 shares for 0% of their US portfolio. Bluemountain Mngmt Lc has invested 0.01% of its portfolio in QEP Resources Inc (NYSE:QEP). Thrivent Financial For Lutherans holds 0.01% or 103,860 shares in its portfolio. Whittier Tru Of Nevada last reported 0.03% of its portfolio in the stock. Ig Mgmt Ltd has 0.05% invested in the company for 669,712 shares. Retail Bank Of America De last reported 0% of its portfolio in the stock. Los Angeles Capital Management And Equity Research Inc holds 0.01% of its portfolio in QEP Resources Inc (NYSE:QEP) for 84,247 shares. California State Teachers Retirement Systems holds 0.02% of its portfolio in QEP Resources Inc (NYSE:QEP) for 469,879 shares.

Insider Transactions: Since June 30, 2016, the stock had 1 insider buy, and 0 insider sales for $299,184 net activity. $299,184 worth of QEP Resources Inc (NYSE:QEP) was bought by STANLEY CHARLES B on Thursday, June 30.

Another recent and important QEP Resources Inc (NYSE:QEP) news was published by Globenewswire.com which published an article titled: “QEP Resources, Inc. Resolves South Antelope Midstream Dispute” on November 03, 2016.

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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