QEP Resources Inc (QEP) : Alta Advisers Ltd scooped up 172,518 additional shares in QEP Resources Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 375,929 shares of QEP Resources Inc which is valued at $6,360,719.QEP Resources Inc makes up approximately 4.86% of Alta Advisers Ltd’s portfolio.
Other Hedge Funds, Including , Great West Life Assurance Co Can reduced its stake in QEP by selling 50,606 shares or 74.41% in the most recent quarter. The Hedge Fund company now holds 17,400 shares of QEP which is valued at $311,982. Telemus Capital added QEP to its portfolio by purchasing 115,406 company shares during the most recent quarter which is valued at $2,069,230. QEP Resources Inc makes up approx 0.34% of Telemus Capital’s portfolio. Klingman Associates sold out all of its stake in QEP during the most recent quarter. The investment firm sold 50 shares of QEP which is valued $794.
QEP Resources Inc opened for trading at $17.18 and hit $17.59 on the upside on Tuesday, eventually ending the session at $17.57, with a gain of 4.52% or 0.76 points. The heightened volatility saw the trading volume jump to 29,54,101 shares. Company has a market cap of $3,808 M.
On the company’s financial health, QEP Resources Inc reported $-0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.60. The company had revenue of $261.30 million for the quarter, compared to analysts expectations of $426.20 million. The company’s revenue was down -44.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.
Many Wall Street Analysts have commented on QEP Resources Inc. QEP Resources Inc was Upgraded by Raymond James to ” Strong Buy” on Apr 29, 2016. 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.
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).