QEP Resources (NYSE:QEP) has been assigned a $15.00 target price by research analysts at Mizuho in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the pipeline company’s stock. Mizuho’s target price would indicate a potential upside of 36.74% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group started coverage on shares of QEP Resources in a research note on Monday, December 11th. They set an “underperform” rating and a $9.00 price objective for the company. Zacks Investment Research raised shares of QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Tuesday, December 26th. Barclays raised their price objective on shares of QEP Resources from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Williams Capital started coverage on shares of QEP Resources in a research note on Friday, December 8th. They set a “buy” rating and a $13.00 price objective for the company. Finally, BMO Capital Markets set a $11.00 price objective on shares of QEP Resources and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. QEP Resources presently has a consensus rating of “Hold” and an average price target of $13.00.

QEP Resources (NYSE QEP) opened at $10.97 on Tuesday. 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 has a 1-year low of $7.02 and a 1-year high of $18.91. The stock has a market cap of $2,640.00, a PE ratio of -182.83 and a beta of 1.73.

QEP Resources (NYSE:QEP) last issued its quarterly earnings data on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.11. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. The business had revenue of $390.10 million during the quarter, compared to analysts’ expectations of $393.87 million. During the same period last year, the company posted ($0.21) EPS. The company’s revenue was up 2.0% on a year-over-year basis. equities research analysts anticipate that QEP Resources will post -0.43 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. boosted its position in QEP Resources by 5.8% during the second quarter. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company’s stock worth $135,000 after acquiring an additional 748 shares during the last quarter. Southport Management L.L.C. acquired a new stake in QEP Resources during the third quarter worth approximately $171,000. Bbva Compass Bancshares Inc. acquired a new stake in QEP Resources during the third quarter worth approximately $178,000. Crossmark Global Holdings Inc. acquired a new stake in QEP Resources during the third quarter worth approximately $179,000. Finally, Stevens Capital Management LP acquired a new stake in QEP Resources during the third quarter worth approximately $193,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

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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.

Analyst Recommendations for QEP Resources (NYSE:QEP)

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