QEP Resources Inc (QEP) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC raised its position in QEP Resources Inc (NYSE:QEP) by 33.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 49,338 shares of the pipeline company’s stock after acquiring an additional 12,295 shares during the quarter. SG Americas Securities LLC’s holdings in QEP Resources were worth $605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in QEP. Great West Life Assurance Co. Can lifted its stake in shares of QEP Resources by 2.8% during the first quarter. Great West Life Assurance Co. Can now owns 146,122 shares of the pipeline company’s stock worth $1,431,000 after buying an additional 4,000 shares during the period. M&T Bank Corp lifted its stake in shares of QEP Resources by 44.3% during the first quarter. M&T Bank Corp now owns 14,730 shares of the pipeline company’s stock worth $144,000 after buying an additional 4,524 shares during the period. Van ECK Associates Corp lifted its stake in shares of QEP Resources by 12.0% during the first quarter. Van ECK Associates Corp now owns 49,076 shares of the pipeline company’s stock worth $480,000 after buying an additional 5,242 shares during the period. Suntrust Banks Inc. lifted its stake in shares of QEP Resources by 7.5% during the first quarter. Suntrust Banks Inc. now owns 87,787 shares of the pipeline company’s stock worth $857,000 after buying an additional 6,115 shares during the period. Finally, Oakbrook Investments LLC lifted its stake in shares of QEP Resources by 54.0% during the second quarter. Oakbrook Investments LLC now owns 20,100 shares of the pipeline company’s stock worth $246,000 after buying an additional 7,050 shares during the period. Institutional investors own 99.20% of the company’s stock.

Several equities research analysts have recently commented on the stock. Johnson Rice downgraded shares of QEP Resources from a “buy” rating to an “accumulate” rating in a research note on Thursday, July 26th. Tudor Pickering downgraded shares of QEP Resources from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. B. Riley lifted their price objective on shares of QEP Resources from $9.75 to $12.25 and gave the stock a “neutral” rating in a research note on Monday, June 11th. Piper Jaffray Companies set a $15.00 price objective on shares of QEP Resources and gave the stock a “hold” rating in a research note on Monday, July 30th. Finally, TheStreet downgraded shares of QEP Resources from a “c-” rating to a “d+” rating in a research note on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. QEP Resources presently has a consensus rating of “Hold” and an average price target of $13.07.

NYSE QEP opened at $10.56 on Friday. The firm has a market cap of $2.44 billion, a P/E ratio of 11.55 and a beta of 1.32. QEP Resources Inc has a 1 year low of $7.04 and a 1 year high of $13.77. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.34 and a quick ratio of 0.34.

QEP Resources (NYSE:QEP) last posted its earnings results on Wednesday, July 25th. The pipeline company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.18. The company had revenue of $532.40 million during the quarter, compared to the consensus estimate of $434.12 million. QEP Resources had a negative net margin of 13.63% and a positive return on equity of 5.96%. The firm’s quarterly revenue was up 38.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share. equities analysts predict that QEP Resources Inc will post -0.12 EPS for the current fiscal year.

About QEP Resources

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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Institutional Ownership by Quarter for QEP Resources (NYSE:QEP)

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