Creative Planning raised its holdings in shares of QEP Resources Inc (NYSE:QEP) by 61.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 683,209 shares of the pipeline company’s stock after acquiring an additional 259,287 shares during the period. Creative Planning owned approximately 0.29% of QEP Resources worth $3,846,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in QEP. Quantamental Technologies LLC acquired a new position in shares of QEP Resources in the 4th quarter valued at $43,000. Virtu Financial LLC acquired a new position in shares of QEP Resources in the 4th quarter valued at $105,000. Tower Research Capital LLC TRC lifted its stake in shares of QEP Resources by 298.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,550 shares of the pipeline company’s stock valued at $119,000 after purchasing an additional 7,899 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of QEP Resources by 80.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,142 shares of the pipeline company’s stock valued at $161,000 after purchasing an additional 5,858 shares during the period. Finally, Iberiabank Corp acquired a new position in shares of QEP Resources in the 3rd quarter valued at $182,000. Institutional investors and hedge funds own 99.22% of the company’s stock.
Several equities analysts recently issued reports on QEP shares. Zacks Investment Research upgraded shares of QEP Resources from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Friday, November 30th. Oppenheimer reiterated a “buy” rating on shares of QEP Resources in a research note on Friday, October 19th. Williams Capital set a $15.00 price objective on shares of QEP Resources and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Tudor Pickering upgraded shares of QEP Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Finally, Raymond James set a $12.00 price objective on shares of QEP Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. QEP Resources has an average rating of “Hold” and a consensus price target of $13.07.
NYSE:QEP opened at $8.12 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.73. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 2.05 and a beta of 2.10. QEP Resources Inc has a fifty-two week low of $5.00 and a fifty-two week high of $13.77.
QEP Resources (NYSE:QEP) last posted its quarterly earnings data on Wednesday, November 7th. The pipeline company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.18. The company had revenue of $560.80 million during the quarter, compared to analysts’ expectations of $497.45 million. QEP Resources had a negative net margin of 11.89% and a positive return on equity of 7.86%. The firm’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) earnings per share. As a group, equities research analysts predict that QEP Resources Inc will post 0.02 EPS for the current year.
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QEP Resources Profile
QEP Resources, Inc, through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado.
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