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Several other major investors have also recently added or reduced their holdings in the company. Capstone Asset Management Co. increased its stake in QEP Resources by 3.9% in the first quarter. Capstone Asset Management Co. now holds 18,947 shares of the pipeline company valued at $ 241,000 after purchasing 710 additional shares in the last quarter. Peregrine Capital Management LLC increased its ownership in QEP Resources by 7.4% in the first quarter. Peregrine Capital Management LLC now holds 854,227 shares of the pipeline company valued at $ 11,037,000 after purchasing 58,658 additional shares in the last quarter. New England Research & Management Inc. increased its stake in QEP Resources by 59.6% in the first quarter. New England Research & Management Inc. now holds 30,000 shares of the pipeline company valued at $ 381,000 after purchasing an additional 11,200 shares in the last quarter. Thompson Rubinstein Investment Management Inc. increased its interest in QEP Resources by 25.7% in the first quarter. Thompson Rubinstein Investment Management Inc. now owns 186,454 shares of the pipeline company valued at $ 2,370,000 after purchasing an additional 38,096 shares during the last quarter. Finally, Highbridge Capital Management LLC increased its ownership in QEP Resources by 189.3% in the fourth quarter. Highbridge Capital Management LLC now holds 1,305,405 shares of the pipeline company valued at $ 24,032,000 after purchasing an additional 854,188 shares in the last quarter. 92.24% of the shares are currently held by institutional investors and hedge funds.
Legal & General Group Plc increased its stake in QEP Resources, Inc. (NYSE: QEP) by 35.4% in the first quarter, reports Holdings Channel. The institutional investor held 303,283 shares of the pipeline company after purchasing 79,348 additional shares during the period. Legal & General Group Plc's stake in QEP Resources was $ 3,853,000 at the end of the most recent reporting period.
The shares of QEP Resources, Inc. (QEP) opened on Wednesday at 10:37 am The 50-day moving average of the stock is $ 10.20 and its 200-day moving average is $ 13.87. The market capitalization of the stock is $ 2.49 billion. QEP Resources, Inc. has a minimum of $ 8.78 in one year and a high of $ 21.12 in one year.
QEP Resources (NYSE: QEP) announced its financial results on Wednesday, April 26. The pipeline company reported ($ 0.14) earnings per share (EPS) for the quarter, leading consensus analyst estimates of ($ 0.21) by $ 0.07. The company achieved a turnover of $ 420.10 million during the quarter, compared with $ 402.16 million for analysts. QEP Resources recorded a negative return on equity of 4.78% and a negative net margin of 19.81%. The business turnover of the company rose 60.8% from one year to the next. During the same quarter of the previous fiscal year, the company earned ($ 0.53) earnings per share. On average, analysts expect QEP Resources, Inc. to report earnings per share of $ (0.70) for the current year.
Several research firms have recently published reports on QEP. Deutsche Bank AG reduced its target price on QEP Resources shares from $ 22.00 to $ 18.00 and made a buy-in note on the stock in a research report on Tuesday, March 7th. Mizuho has reduced QEP Resources' stock from a "buy" rating to a "neutral" rating and set a target price of $ 13.00 on the stock. in a research report on Tuesday, March 21st. KLR Group raised its QEP Resources stock price target from $ 22.00 to $ 23.00 and granted the company a "buy" rating in a research report on Friday, April 28th. Stifel Nicolaus assumed coverage of QEP Resources shares in a research report on Wednesday, April 12th. They set a "buy" rating and a $ 21.00 price goal on the stock. Finally, FBR & Co set a target price of $ 20.00 on QEP Resources shares and awarded the company a buy-in rating on a research report on Saturday, April 15th. Two equity research analysts evaluated the stock with a sales note, five assigned a reserve rating, seven awarded a purchase rating and one assigned a strong rating to the stock. action. QEP Resources currently has an average rating of "Hold" and a consensus target price of $ 19.36
QEP Resources Company Profile
QEP Resources, Inc. is an independent exploration and development company. production of crude oil and natural gas. 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 Texas and Louisiana). The company conducts exploration and production activities in hydrocarbon resource areas of North America.
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