Boston Partners grew its holdings in shares of QEP Resources Inc (NYSE:QEP) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 658,533 shares of the pipeline company’s stock after buying an additional 49,272 shares during the quarter. Boston Partners owned 0.28% of QEP Resources worth $3,708,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new stake in QEP Resources during the fourth quarter worth approximately $43,000. CWM Advisors LLC purchased a new stake in QEP Resources during the fourth quarter worth approximately $85,000. Oregon Public Employees Retirement Fund grew its stake in QEP Resources by 463.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 529,777 shares of the pipeline company’s stock worth $94,000 after buying an additional 435,678 shares during the period. Virtu Financial LLC purchased a new stake in QEP Resources during the fourth quarter worth approximately $105,000. Finally, Tower Research Capital LLC TRC grew its stake in QEP Resources by 298.0% during the third quarter. Tower Research Capital LLC TRC now owns 10,550 shares of the pipeline company’s stock worth $119,000 after buying an additional 7,899 shares during the period. Institutional investors own 99.22% of the company’s stock.
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Shares of QEP stock opened at $8.09 on Tuesday. The firm has a market capitalization of $1.88 billion, a PE ratio of -47.59, a PEG ratio of 1.93 and a beta of 2.10. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 0.91. QEP Resources Inc has a twelve month low of $5.00 and a twelve month high of $13.77.
QEP Resources (NYSE:QEP) last posted its quarterly earnings data on Wednesday, February 20th. The pipeline company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.15). QEP Resources had a negative net margin of 52.34% and a negative return on equity of 0.73%. The company had revenue of $410.50 million for the quarter, compared to the consensus estimate of $434.58 million. During the same quarter last year, the company earned $1.13 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. On average, research analysts predict that QEP Resources Inc will post 0.34 EPS for the current year.
Several research analysts have recently weighed in on QEP shares. Raymond James set a $12.00 target price on shares of QEP Resources and gave the company a “buy” rating in a research note on Wednesday, January 23rd. ValuEngine upgraded shares of QEP Resources from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of QEP Resources from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Thursday, January 17th. Cowen started coverage on shares of QEP Resources in a research note on Thursday, November 29th. They issued a “market perform” rating for the company. Finally, Tudor Pickering upgraded shares of QEP Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.07.
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QEP Resources Profile
QEP Resources, Inc, through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado.
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