QEP Resources Inc (QEP) is Initiated by Drexel Hamilton to Buy, Price Target at $33

QEP Resources Inc (QEP) was Initiated by Drexel Hamilton to “Buy” and the brokerage firm has set the Price Target at $33. Drexel Hamilton advised their investors in a research report released on Jun 8, 2016.

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.

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.

QEP Resources Inc opened for trading at $20.28 and hit $20.47 on the upside on Tuesday, eventually ending the session at $20.29, with a gain of 0.90% or 0.18 points. The heightened volatility saw the trading volume jump to 37,09,844 shares. Company has a market cap of $4,398 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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