Analysis: QEP Resources (NYSE:QEP) Upside Target Change Today
In a recent research report issued to clients by Barclays Capital on Tuesday, 8 December, the firm, QEP Resources (NYSE:QEP), had their Estimated Target Price lowered to $15.00. Analusts now have a solid Equal Weight rating on the stock.
From a total of 14 analysts covering QEP Resources (NYSE:QEP) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is $31 while the lowest target price is $15. The mean of all analyst targets is $20.64 with a 67.47% above today’s ($12.88) stock price. QEP Resources was the topic of 12 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on November 19 to “Buy” rating. Imperial Capital maintained QEP stock in a recent report from August 7 with “Outperform” rating.
The stock increased 3.62% or $0.45 during the last trading session, striking $12.88. Approximately 3.29M shares of stock traded hands or 8.22% up from the average. QEP Resources Inc (NYSE:QEP) has declined 41.61% since May 6, 2015 and is downtrending. It has underperformed by 40.82% the S&P500.
The overall sentiment of institutions has decreased to 0.85 in Q2 2015. Its down 0.08, from 0.93 in 2015Q2. The ratio dropped, as 58 institutions have sold all the shares of QEP Resources Inc that they owned while 100 funds have taken shares off the table. 40 funds have purchased shares for the first time while 94 added to their positions. These institutions now hold 155.79 million shares or 6.71% less than the 166.99 million shares they owned in 2015Q2.
The Fund Jvl Advisors L.L.C. currently is holding shares equating to 16.43% of its total portfolio in QEP Resources Inc representing a total of 3.82 million shares. Another fund,Key Group Holdings (Cayman) Ltd., is holding a total of 4.62 million shares equating to 4.2% of their holdings. Additionally, Caymus Capital Partners L.P. has a 1.64 million share stake in QEP Resources Inc which represents 4.17% of their total portfolio. The Fund, Roumell Asset Management Llc, based out of Maryland, has also built up a stake in the stock, which represents a total of 4.07% of their total portfolio. Finally Alta Advisers Ltd, a fund which is based in the state of United Kingdom reported a total holdings of 185,989 shares.
Insider activity is a very important aspect to track on any stock. Going back to September 11, 2015, shareholders of QEP Resources Inc have witnessed 0 insider buys, and a total of 1 sale equating to a net activity of approximately $2,082 . Woosley Christopher K sold 158 shares worth approximately $2,082.
QEP Resources, Inc. is a holding firm with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: gas and oil exploration and production (QEP Energy) and gas and oil marketing, operation of the Haynesville Gathering System and an underground gas storage facility (QEP Marketing and Other). The company has a market cap of $2.20 billion. The Company’s activities are focused in two geographic regions: the Northern Region (primarily in Wyoming, North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. It currently has negative earnings. QEP Energy Company conducts exploration and production (E&P) activities in several of North America’s hydrocarbon resource plays.
According to Zacks Investment Research, “QEP Resources is a leading independent natural gas and oil exploration and production company. The Company’s operations are focused in the Rocky Mountain and Midcontinent regions of the United States. The Company also gathers, compresses, treats, and processes natural gas. QEP Resources, Inc. is based in Denver, Colorado.” Get a free copy of the Zacks research report on QEP Resources Inc (QEP).