Barings LLC purchased a new position in shares of QEP Resources Inc (NYSE:QEP) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 46,900 shares of the pipeline company’s stock, valued at approximately $449,000.
Other large investors also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS purchased a new position in QEP Resources during the fourth quarter worth approximately $100,000. Savant Capital LLC purchased a new position in QEP Resources during the fourth quarter worth approximately $108,000. Southport Management L.L.C. purchased a new position in QEP Resources during the third quarter worth approximately $171,000. Bbva Compass Bancshares Inc. purchased a new position in QEP Resources during the third quarter worth approximately $178,000. Finally, State of Alaska Department of Revenue purchased a new position in QEP Resources during the fourth quarter worth approximately $178,000. 90.41% of the stock is currently owned by institutional investors.
QEP Resources Inc (NYSE QEP) opened at $8.89 on Friday. QEP Resources Inc has a one year low of $7.02 and a one year high of $16.86. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.52. The company has a market cap of $2,140.00, a price-to-earnings ratio of -148.17, a PEG ratio of 9.14 and a beta of 1.72.
A number of equities analysts have weighed in on QEP shares. Barclays downgraded shares of QEP Resources from an “overweight” rating to an “equal weight” rating and set a $9.00 price target on the stock. in a research note on Tuesday, November 7th. SunTrust Banks reaffirmed a “hold” rating and set a $9.00 price target on shares of QEP Resources in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of QEP Resources from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Wednesday, February 7th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price target on shares of QEP Resources in a research note on Tuesday, January 9th. Finally, Williams Capital started coverage on shares of QEP Resources in a research note on Friday, December 8th. They set a “buy” rating and a $13.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.54.
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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.
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