QEP Resources (QEP) PT Set at $11.00 by BMO Capital Markets

BMO Capital Markets set a $11.00 price objective on QEP Resources (NYSE:QEP) in a report published on Tuesday, November 14th. The brokerage currently has a buy rating on the pipeline company’s stock.

QEP has been the topic of several other research reports. Deutsche Bank lowered QEP Resources from a buy rating to a hold rating and lowered their price objective for the stock from $18.00 to $13.00 in a research report on Tuesday, July 18th. Cowen set a $12.00 price objective on QEP Resources and gave the stock a buy rating in a research report on Wednesday, July 19th. BidaskClub lowered QEP Resources from a sell rating to a strong sell rating in a research report on Thursday, July 27th. J P Morgan Chase & Co lowered QEP Resources from an overweight rating to a neutral rating and decreased their target price for the company from $11.00 to $9.00 in a research report on Thursday, July 27th. Finally, National Securities started coverage on QEP Resources in a report on Monday, July 31st. They issued a buy rating and a $11.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $14.19.

QEP Resources (QEP) traded up $0.68 during mid-day trading on Tuesday, hitting $10.34. 7,730,000 shares of the company’s stock traded hands, compared to its average volume of 4,557,118. QEP Resources has a 1-year low of $7.02 and a 1-year high of $21.12. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.52.

QEP Resources (NYSE:QEP) last posted its quarterly earnings data on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.11. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. The firm had revenue of $390.10 million for the quarter, compared to the consensus estimate of $393.87 million. During the same quarter in the prior year, the company posted ($0.21) earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. analysts predict that QEP Resources will post -0.45 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in QEP. Commerce Bank purchased a new position in shares of QEP Resources in the 2nd quarter valued at about $102,000. Suntrust Banks Inc. lifted its stake in QEP Resources by 5.8% during the second quarter. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company’s stock worth $135,000 after purchasing an additional 748 shares during the last quarter. Pitcairn Co. lifted its stake in QEP Resources by 4.3% during the second quarter. Pitcairn Co. now owns 13,512 shares of the pipeline company’s stock worth $136,000 after purchasing an additional 563 shares during the last quarter. Southport Management L.L.C. purchased a new stake in QEP Resources during the third quarter worth approximately $171,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in QEP Resources during the third quarter worth approximately $178,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

WARNING: This article was first reported by BBNS and is the property of of BBNS. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://baseballnewssource.com/markets/qep-resources-inc-qep-given-a-11-00-price-target-by-bmo-capital-markets-analysts/1782777.html.

QEP Resources Company Profile

QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.

Analyst Recommendations for QEP Resources (NYSE:QEP)

Receive News & Ratings for QEP Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QEP Resources Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.