What Will Happen to QEP Resources, Inc. (QEP) Next? The Stock Just Increased A Lot

February 15, 2018 - By Louis Casey

Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.07, from 1.3 in 2017Q2. It is negative, as 37 investors sold QEP Resources, Inc. shares while 74 reduced holdings. 46 funds opened positions while 90 raised stakes. 219.29 million shares or 0.85% less from 221.16 million shares in 2017Q2 were reported.
Brinker Incorporated invested in 26,313 shares. Guggenheim Ltd Liability Com invested in 255,555 shares or 0.01% of the stock. Numeric Invsts Lc reported 34,700 shares. State Treasurer State Of Michigan, Michigan-based fund reported 90,500 shares. South Dakota Inv Council reported 210,000 shares. Us Financial Bank De holds 13,917 shares or 0% of its portfolio. Geode Capital Mngmt Ltd owns 0.01% invested in QEP Resources, Inc. (NYSE:QEP) for 2.02 million shares. Key Grp Incorporated (Cayman) has invested 8.23% in QEP Resources, Inc. (NYSE:QEP). Amer Group Inc holds 0.01% in QEP Resources, Inc. (NYSE:QEP) or 492,021 shares. Los Angeles Cap Mngmt Equity Research, a California-based fund reported 261,575 shares. Loomis Sayles And Company Ltd Partnership has 0.01% invested in QEP Resources, Inc. (NYSE:QEP). 93,500 were accumulated by Wolverine Asset Limited Liability Com. Whittier Tru Co Of Nevada invested in 3,300 shares or 0% of the stock. Moreover, Neuberger Berman Grp Ltd Liability Corporation has 0% invested in QEP Resources, Inc. (NYSE:QEP). Van Eck Associate Corporation invested 0% in QEP Resources, Inc. (NYSE:QEP).

The stock of QEP Resources, Inc. (NYSE:QEP) is a huge mover today! The stock increased 6.70% or $0.53 during the last trading session, reaching $8.44. About 9.96M shares traded or 85.06% up from the average. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since February 15, 2017 and is downtrending. It has underperformed by 51.27% the S&P500.
The move comes after 9 months positive chart setup for the $2.03B company. It was reported on Feb, 15 by Barchart.com. We have $8.95 PT which if reached, will make NYSE:QEP worth $121.98 million more.

Analysts await QEP Resources, Inc. (NYSE:QEP) to report earnings on February, 28. They expect $-0.07 EPS, up 53.33 % or $0.08 from last year’s $-0.15 per share. After $-0.10 actual EPS reported by QEP Resources, Inc. for the previous quarter, Wall Street now forecasts -30.00 % EPS growth.

QEP Resources, Inc. (NYSE:QEP) Ratings Coverage

Among 25 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 1 Sell and 11 Hold. Therefore 52% are positive. QEP Resources had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, July 18. As per Wednesday, June 8, the company rating was initiated by Drexel Hamilton. The stock has “Equalweight” rating by Barclays Capital on Thursday, July 14. As per Thursday, October 19, the company rating was maintained by Piper Jaffray. The stock of QEP Resources, Inc. (NYSE:QEP) has “Strong Buy” rating given on Friday, April 29 by Raymond James. The rating was initiated by FBR Capital with “Mkt Perform” on Thursday, July 21. The stock has “Buy” rating by Mizuho on Thursday, October 6. The company was maintained on Friday, August 25 by Cowen & Co. The firm has “Buy” rating by Zacks given on Monday, August 10. On Tuesday, January 16 the stock rating was maintained by Mizuho with “Buy”.

More recent QEP Resources, Inc. (NYSE:QEP) news were published by: Investorplace.com which released: “QEP Resources (QEP) a Strong Sell at recent price of $7.87, on Bad Earnings …” on February 08, 2018. Also Globenewswire.com published the news titled: “QEP Resources Reschedules Fourth Quarter and Full Year 2017 Financial and …” on February 14, 2018. Zacks.com‘s news article titled: “Implied Volatility Surging for QEP Resources (QEP) Stock Options February 14, 2018” with publication date: February 14, 2018 was also an interesting one.

QEP Resources, Inc., through its subsidiaries, operates as a natural gas and crude oil exploration and production firm in the United States. The company has market cap of $2.03 billion. The firm conducts exploration and production activities in the Williston Basin in North Dakota, Permian Basin in western Texas; Pinedale Anticline in western Wyoming; Uinta Basin in eastern Utah; Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado. It currently has negative earnings. As of December 31, 2016, it had estimated proved reserves of 731.4 MMboe.

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