QEP Resources Inc (QEP) : Virtus Investment Advisers added new position in QEP Resources Inc during the most recent quarter end. The investment management firm now holds 5,300 shares of QEP Resources Inc which is valued at $101,495 , the company said in a statement filed on Aug 15, 2016 with the SEC.QEP Resources Inc makes up approximately 0.06% of Virtus Investment Advisers’s portfolio.
Other Hedge Funds, Including , Vollero Beach Capital Partners reduced its stake in QEP by selling 158,744 shares or 22.71% in the most recent quarter. The Hedge Fund company now holds 540,343 shares of QEP which is valued at $10,347,568. QEP Resources Inc makes up approx 2.29% of Vollero Beach Capital Partners’s portfolio.Aperio Group boosted its stake in QEP in the latest quarter, The investment management firm added 720 additional shares and now holds a total of 22,243 shares of QEP Resources Inc which is valued at $425,953.Public Employees Retirement Association Of Colorado boosted its stake in QEP in the latest quarter, The investment management firm added 1,261 additional shares and now holds a total of 47,047 shares of QEP Resources Inc which is valued at $856,255. QEP Resources Inc makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Advisory Services Network boosted its stake in QEP in the latest quarter, The investment management firm added 116 additional shares and now holds a total of 182 shares of QEP Resources Inc which is valued at $3,049.Acadian Asset Management boosted its stake in QEP in the latest quarter, The investment management firm added 1,810,113 additional shares and now holds a total of 1,823,566 shares of QEP Resources Inc which is valued at $32,660,067. QEP Resources Inc makes up approx 0.16% of Acadian Asset Management’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).