Sir Capital Management buys $30,917,292 stake in QEP Resources Inc (QEP)

QEP Resources Inc (QEP) : Sir Capital Management scooped up 7,407 additional shares in QEP Resources Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,614,480 shares of QEP Resources Inc which is valued at $30,917,292.QEP Resources Inc makes up approximately 4.41% of Sir Capital Management’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies reduced its stake in QEP by selling 20,359 shares or 75.18% in the most recent quarter. The Hedge Fund company now holds 6,721 shares of QEP which is valued at $128,707. QEP Resources Inc makes up approx 0.01% of Cubist Systematic Strategies’s portfolio.Hightower Advisors reduced its stake in QEP by selling 1,370 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 101,728 shares of QEP which is valued at $1,948,091. QEP Resources Inc makes up approx 0.02% of Hightower Advisors’s portfolio.Retirement Systems Of Alabama boosted its stake in QEP in the latest quarter, The investment management firm added 59,266 additional shares and now holds a total of 305,395 shares of QEP Resources Inc which is valued at $5,115,366. QEP Resources Inc makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.New York State Teachers Retirement System boosted its stake in QEP in the latest quarter, The investment management firm added 15,100 additional shares and now holds a total of 366,165 shares of QEP Resources Inc which is valued at $6,294,376. QEP Resources Inc makes up approx 0.02% of New York State Teachers Retirement System’s portfolio.

QEP Resources Inc closed down -0.03 points or -0.16% at $19.07 with 42,64,291 shares getting traded on Thursday. Post opening the session at $18.96, the shares hit an intraday low of $18.87 and an intraday high of $19.385 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, QEP Resources Inc reported $-0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.36. The company had revenue of $333.70 million for the quarter, compared to analysts expectations of $353.57 million. The company’s revenue was down -41.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on QEP Resources Inc. Company shares were Upgraded by Barclays on Aug 3, 2016 to ” Overweight”, Firm has raised the Price Target to $ 22 from a previous price target of $17 .FBR Capital Initiated QEP Resources Inc on Jul 21, 2016 to “Mkt Perform”, Price Target of the shares are set at $19.QEP Resources Inc was Upgraded by Piper Jaffray to ” Overweight” on Jun 15, 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).

Leave a Reply

QEP Resources Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on QEP Resources Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.