Can analysts adopt a bullish outlook for QEP Resources, Inc. (NYSE:QEP)?

April 17, 2018 - By Nellie Frank

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.20, from 1.23 in 2017Q3. It worsened, as 33 investors sold QEP Resources, Inc. shares while 83 reduced holdings. 38 funds opened positions while 81 raised stakes. 207.43 million shares or 5.41% less from 219.29 million shares in 2017Q3 were reported.
Oslo Asset As has 9.18% invested in QEP Resources, Inc. (NYSE:QEP). Blackrock holds 0.01% of its portfolio in QEP Resources, Inc. (NYSE:QEP) for 20.78M shares. Zacks Inv Mngmt holds 0% or 15,518 shares in its portfolio. Invesco Limited holds 9.26M shares. Moreover, Guinness Atkinson Asset has 0.3% invested in QEP Resources, Inc. (NYSE:QEP). Parallax Volatility Advisers L P has 0% invested in QEP Resources, Inc. (NYSE:QEP). Kornitzer Mgmt Incorporated Ks holds 10,435 shares or 0% of its portfolio. Savant Capital Ltd Llc reported 11,288 shares. Arrowstreet Capital Ltd Partnership invested 0% in QEP Resources, Inc. (NYSE:QEP). Nomura Hldgs stated it has 0% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Whittier Trust Of Nevada invested 0% of its portfolio in QEP Resources, Inc. (NYSE:QEP). South Dakota Inv Council invested in 0.04% or 210,000 shares. D E Shaw & Co stated it has 9.20M shares or 0.12% of all its holdings. Rothschild Asset Incorporated invested in 0.06% or 627,139 shares. M&T Commercial Bank accumulated 10,206 shares.

Since March 8, 2018, it had 1 insider buy, and 0 selling transactions for $90,000 activity.

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

Among 12 analysts covering QEP Resources (NYSE:QEP), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. QEP Resources had 20 analyst reports since October 19, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, November 14 by BMO Capital Markets. Barclays Capital downgraded the stock to “Equal-Weight” rating in Tuesday, November 7 report. The stock of QEP Resources, Inc. (NYSE:QEP) has “Buy” rating given on Tuesday, January 9 by Piper Jaffray. The firm has “Hold” rating given on Tuesday, February 6 by SunTrust. The firm has “Hold” rating by FBR Capital given on Monday, February 5. The firm earned “Buy” rating on Tuesday, January 16 by Mizuho. Credit Suisse initiated the stock with “Sell” rating in Monday, December 11 report. The stock of QEP Resources, Inc. (NYSE:QEP) has “Buy” rating given on Tuesday, November 21 by Mizuho. The rating was maintained by BMO Capital Markets with “Buy” on Wednesday, April 11. BMO Capital Markets maintained QEP Resources, Inc. (NYSE:QEP) rating on Thursday, January 11. BMO Capital Markets has “Buy” rating and $13.0 target. Below is a list of QEP Resources, Inc. (NYSE:QEP) latest ratings and price target changes.

16/04/2018 Broker: SunTrust Rating: Hold New Target: $12.0000 Maintain
11/04/2018 Broker: BMO Capital Markets Rating: Buy New Target: $11.0000 Maintain
21/03/2018 Broker: Johnson Rice Rating: Buy New Target: $19 Initiates Coverage On
14/03/2018 Broker: Piper Jaffray Rating: Buy New Target: $13.0 Maintain
09/03/2018 Broker: FBR Capital Rating: Hold New Target: $9.75 Maintain
05/03/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $11 New Target: $10 Maintain
01/03/2018 Broker: Williams Capital Group Rating: Buy New Target: $18.0 Maintain
06/02/2018 Broker: SunTrust Rating: Hold New Target: $10.0 Maintain
06/02/2018 Broker: B. Riley & Co Rating: Neutral New Target: $10.5 Initiates Coverage On
05/02/2018 Broker: FBR Capital Rating: Hold New Target: $10.5 Initiate

The stock increased 1.06% or $0.12 during the last trading session, reaching $11.49. About 1.36M shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 22.78% since April 17, 2017 and is downtrending. It has underperformed by 34.33% the S&P500.

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 $2.73 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 has a 10.27 P/E ratio. As of December 31, 2016, it had estimated proved reserves of 731.4 MMboe.

QEP Resources, Inc. (NYSE:QEP) Institutional Positions Chart

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