Research Analysts Set Expectations for QEP Resources Inc’s Q4 2017 Earnings (QEP)

QEP Resources Inc (NYSE:QEP) – Investment analysts at Capital One Financial upped their Q4 2017 earnings per share (EPS) estimates for shares of QEP Resources in a note issued to investors on Tuesday. Capital One Financial analyst B. Velie now expects that the pipeline company will earn ($0.04) per share for the quarter, up from their prior estimate of ($0.07). Capital One Financial also issued estimates for QEP Resources’ FY2018 earnings at ($0.04) EPS.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research raised QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, December 26th. Credit Suisse Group started coverage on QEP Resources in a report on Monday, December 11th. They issued an “underperform” rating and a $9.00 target price for the company. Williams Capital started coverage on QEP Resources in a report on Friday, December 8th. They issued a “buy” rating and a $13.00 target price for the company. BMO Capital Markets set a $11.00 target price on QEP Resources and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Barclays downgraded QEP Resources from an “overweight” rating to an “equal weight” rating and set a $9.00 price target for the company. in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.59.

Shares of QEP Resources (NYSE QEP) opened at $7.51 on Thursday. QEP Resources has a fifty-two week low of $7.02 and a fifty-two week high of $17.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.54. The company has a market capitalization of $1,850.00, a price-to-earnings ratio of -125.17, a price-to-earnings-growth ratio of 8.68 and a beta of 1.72.

Institutional investors have recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS purchased a new stake in QEP Resources during the 4th quarter worth about $100,000. Savant Capital LLC purchased a new stake in QEP Resources during the 4th quarter worth about $108,000. Suntrust Banks Inc. increased its position in QEP Resources by 5.8% during the 2nd quarter. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company’s stock worth $135,000 after purchasing an additional 748 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in QEP Resources during the 4th quarter worth about $178,000. Finally, Southport Management L.L.C. purchased a new stake in QEP Resources during the 3rd quarter worth about $171,000. Hedge funds and other institutional investors own 93.41% of the company’s stock.

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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.

Earnings History and Estimates for QEP Resources (NYSE:QEP)

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