QEP Resources Inc (QEP) is Initiated by JP Morgan to Overweight

QEP Resources Inc (QEP) was Initiated by JP Morgan to “Overweight”. JP Morgan advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on QEP Resources Inc. QEP Resources Inc was Initiated by JP Morgan to “Overweight” on Apr 12, 2016. QEP Resources Inc was Initiated by KLR Group to “Buy” on Mar 16, 2016.

On the company’s financial health, QEP Resources Inc reported $-0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.11. The company had revenue of $468.30 million for the quarter, compared to analysts expectations of $538.63 million. The company’s revenue was down -38.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

QEP Resources Inc opened for trading at $14.51 and hit $14.76 on the upside on Monday, eventually ending the session at $14.42, with a gain of 0.49% or 0.07 points. The heightened volatility saw the trading volume jump to 29,94,252 shares. Company has a market cap of $2,549 M.

In a different news, on Mar 9, 2016, Christopher K Woosley (VP, GC, and Corp Secretary) sold 1,717 shares at $10.24 per share price.

QEP Resources Inc. (QEP) is a holding company with two subsidiaries QEP Energy Company and QEP Marketing Company which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy) and oil and gas marketing operation of the Haynesville Gathering System and an underground gas storage facility (QEP Marketing and Other). The Company’s operations 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. QEP Energy Company conducts exploration and production (E&P) activities in several of North America’s hydrocarbon resource plays. QEP Marketing Company provides wholesale marketing and sales of affiliate and third-party gas oil and natural gas liquids (NGL).

QEP Resources Inc

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