QEP Resources, Inc. (QEP)’s Trend Up, Especially After Today’s 52-Week High Milestone

May 17, 2018 - By Tina Thibodeau

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.20, from 1.23 in 2017Q3. It turned negative, as 33 investors sold QEP Resources, Inc. shares while 83 reduced holdings. 38 funds opened positions while 81 raised stakes. 207.43 million shares or 5.41% less from 219.29 million shares in 2017Q3 were reported.
Oregon Employees Retirement Fund has 0.01% invested in QEP Resources, Inc. (NYSE:QEP). 78,976 are owned by Corecommodity Mngmt Limited Liability Company. Canada Pension Plan Invest Board has 638,100 shares for 0.01% of their portfolio. 19,770 were reported by Fdx Advisors Inc. Walleye Trading Ltd Liability owns 105,248 shares. Blackrock stated it has 0.01% in QEP Resources, Inc. (NYSE:QEP). Aperio Grp Lc holds 110,373 shares. D E Shaw & invested in 0.12% or 9.20 million shares. Vr Advisory Limited reported 0.44% of its portfolio in QEP Resources, Inc. (NYSE:QEP). 22,699 were reported by Brinker Cap. Cushing Asset Mgmt Limited Partnership invested in 312,000 shares or 0.09% of the stock. Nomura invested in 67,314 shares. Vanguard Grp reported 20.56 million shares. Mason Street Advsrs Ltd Limited Liability Company invested in 118,700 shares. Moreover, Bancshares Of America Corp De has 0% invested in QEP Resources, Inc. (NYSE:QEP) for 2.37 million shares.

Since March 8, 2018, it had 1 insider purchase, and 0 insider sales for $90,000 activity.

The stock of QEP Resources, Inc. (NYSE:QEP) hit a new 52-week high and has $13.99 target or 6.00 % above today’s $13.20 share price. The 7 months bullish chart indicates low risk for the $3.13 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $13.99 price target is reached, the company will be worth $187.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.38% or $0.18 during the last trading session, reaching $13.2. About 2.62M shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 22.78% since May 17, 2017 and is downtrending. It has underperformed by 34.33% the S&P500.

Analysts await QEP Resources, Inc. (NYSE:QEP) to report earnings on July, 25. They expect $-0.15 EPS, down 25.00 % or $0.03 from last year’s $-0.12 per share. After $-0.20 actual EPS reported by QEP Resources, Inc. for the previous quarter, Wall Street now forecasts -25.00 % EPS growth.

QEP Resources, Inc. (NYSE:QEP) Ratings Coverage

Among 14 analysts covering QEP Resources (NYSE:QEP), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. QEP Resources had 22 analyst reports since November 21, 2017 according to SRatingsIntel. On Tuesday, November 21 the stock rating was upgraded by Mizuho to “Buy”. The stock has “Hold” rating by FBR Capital on Monday, February 5. Stephens maintained the shares of QEP in report on Tuesday, April 24 with “Hold” rating. The stock has “Neutral” rating by JP Morgan on Tuesday, April 24. Williams Capital Group maintained QEP Resources, Inc. (NYSE:QEP) on Thursday, April 26 with “Buy” rating. The rating was maintained by SunTrust with “Hold” on Monday, April 16. Williams Capital Group maintained it with “Buy” rating and $18.0 target in Thursday, March 1 report. The firm earned “Neutral” rating on Tuesday, May 1 by PiperJaffray. The stock of QEP Resources, Inc. (NYSE:QEP) has “Buy” rating given on Wednesday, March 14 by Piper Jaffray. SunTrust maintained QEP Resources, Inc. (NYSE:QEP) rating on Tuesday, February 6. SunTrust has “Hold” rating and $10.0 target.

More news for QEP Resources, Inc. (NYSE:QEP) were recently published by: Globenewswire.com, which released: “QEP Resources Reports First Quarter 2018 Financial and Operating Results” on April 25, 2018. Globenewswire.com‘s article titled: “New Research: Key Drivers of Growth for root9B Holdings Inc., Comfort Systems, SS&C Technologies, ZIOPHARM …” and published on May 16, 2018 is yet another important article.

QEP Resources, Inc., through its subsidiaries, operates as a natural gas and crude oil exploration and production firm in the United States. The company has market cap of $3.13 billion. The firm conducts exploration and production activities in the Williston Basin in North Dakota, Permian Basin in western Texas; Pinedale Anticline in western Wyoming; Uinta Basin in eastern Utah; Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado. It currently has negative earnings. As of December 31, 2016, it had estimated proved reserves of 731.4 MMboe.

QEP Resources, Inc. (NYSE:QEP) Institutional Positions Chart

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