QEP Resources, Inc. (QEP) Shares Bought by Capstone Asset Management Co.

Capstone Asset Management Co. boosted its position in QEP Resources, Inc. (NYSE:QEP) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,947 shares of the pipeline company’s stock after buying an additional 710 shares during the period. Capstone Asset Management Co.’s holdings in QEP Resources were worth $241,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of QEP. Advantus Capital Management Inc raised its stake in shares of QEP Resources by 1.7% in the third quarter. Advantus Capital Management Inc now owns 29,163 shares of the pipeline company’s stock worth $570,000 after buying an additional 491 shares during the period. Clear Harbor Asset Management LLC raised its stake in shares of QEP Resources by 0.9% in the third quarter. Clear Harbor Asset Management LLC now owns 106,730 shares of the pipeline company’s stock worth $2,084,000 after buying an additional 980 shares during the period. AMP Capital Investors Ltd raised its stake in shares of QEP Resources by 4.7% in the third quarter. AMP Capital Investors Ltd now owns 32,075 shares of the pipeline company’s stock worth $620,000 after buying an additional 1,449 shares during the period. Barings LLC raised its stake in shares of QEP Resources by 6.9% in the fourth quarter. Barings LLC now owns 29,600 shares of the pipeline company’s stock worth $545,000 after buying an additional 1,900 shares during the period. Finally, Commonwealth Bank of Australia raised its stake in shares of QEP Resources by 7.5% in the third quarter. Commonwealth Bank of Australia now owns 28,600 shares of the pipeline company’s stock worth $558,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 92.81% of the company’s stock.

Institutional Ownership by Quarter for QEP Resources (NYSE:QEP)

Shares of QEP Resources, Inc. (NYSE:QEP) traded down 0.33% on Friday, hitting $9.06. 10,166,616 shares of the stock traded hands. The firm’s 50 day moving average is $10.70 and its 200 day moving average is $14.54. QEP Resources, Inc. has a 52 week low of $8.78 and a 52 week high of $21.12. The firm’s market capitalization is $2.18 billion.

QEP Resources (NYSE:QEP) last issued its quarterly earnings results on Wednesday, April 26th. The pipeline company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. QEP Resources had a negative net margin of 19.81% and a negative return on equity of 4.78%. The business had revenue of $420.10 million during the quarter, compared to the consensus estimate of $402.16 million. During the same quarter in the prior year, the firm earned ($0.53) EPS. The firm’s quarterly revenue was up 60.8% on a year-over-year basis. On average, analysts expect that QEP Resources, Inc. will post ($0.70) EPS for the current fiscal year.

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Several research analysts have commented on QEP shares. Wolfe Research assumed coverage on shares of QEP Resources in a research report on Thursday. They issued a “market perform” rating for the company. BidaskClub upgraded shares of QEP Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday. Credit Suisse Group began coverage on shares of QEP Resources in a report on Thursday, June 1st. They issued a “neutral” rating and a $15.00 price objective for the company. KLR Group increased their target price on shares of QEP Resources from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Barclays PLC reissued an “overweight” rating and set a $16.00 target price (down from $20.00) on shares of QEP Resources in a research note on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. QEP Resources currently has a consensus rating of “Buy” and an average price target of $21.46.

About QEP Resources

QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.

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