Crossmark Global Holdings Inc. purchased a new position in shares of QEP Resources, Inc. (NYSE:QEP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,887 shares of the pipeline company’s stock, valued at approximately $179,000.

Several other institutional investors also recently made changes to their positions in QEP. Capstone Asset Management Co. raised its position in shares of QEP Resources by 1.7% during the 2nd quarter. Capstone Asset Management Co. now owns 19,267 shares of the pipeline company’s stock worth $195,000 after purchasing an additional 320 shares during the period. LS Investment Advisors LLC raised its position in shares of QEP Resources by 21.1% during the 2nd quarter. LS Investment Advisors LLC now owns 19,064 shares of the pipeline company’s stock worth $193,000 after purchasing an additional 3,316 shares during the period. Louisiana State Employees Retirement System raised its position in shares of QEP Resources by 3.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 62,700 shares of the pipeline company’s stock worth $633,000 after purchasing an additional 2,200 shares during the period. Aperio Group LLC raised its position in shares of QEP Resources by 138.5% during the 2nd quarter. Aperio Group LLC now owns 64,425 shares of the pipeline company’s stock worth $651,000 after purchasing an additional 37,409 shares during the period. Finally, State Treasurer State of Michigan raised its position in shares of QEP Resources by 1.7% during the 2nd quarter. State Treasurer State of Michigan now owns 99,100 shares of the pipeline company’s stock worth $1,001,000 after purchasing an additional 1,700 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

Shares of QEP Resources, Inc. (NYSE:QEP) traded down $0.23 during midday trading on Tuesday, reaching $10.11. The company’s stock had a trading volume of 7,592,700 shares, compared to its average volume of 5,017,893. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.54. QEP Resources, Inc. has a 52-week low of $7.02 and a 52-week high of $21.12.

QEP Resources (NYSE:QEP) last issued its quarterly earnings results on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.11. The firm had revenue of $390.10 million during the quarter, compared to analyst estimates of $393.87 million. QEP Resources had a negative return on equity of 3.48% and a negative net margin of 0.90%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS. equities research analysts forecast that QEP Resources, Inc. will post -0.45 earnings per share for the current year.

A number of analysts have recently weighed in on QEP shares. Zacks Investment Research upgraded QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and set a $9.00 price target on shares of QEP Resources in a research report on Wednesday, November 1st. Barclays dropped their price target on QEP Resources from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 26th. Mizuho upgraded QEP Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, Cowen set a $12.00 target price on QEP Resources and gave the company a “buy” rating in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.19.

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

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