QEP Resources Inc (NYSE:QEP) saw unusually large options trading on Wednesday. Traders purchased 3,079 call options on the stock. This represents an increase of 1,555% compared to the typical volume of 186 call options.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bremer Trust National Association bought a new stake in QEP Resources in the 4th quarter valued at approximately $28,000. Quantamental Technologies LLC bought a new stake in QEP Resources in the 4th quarter valued at approximately $43,000. Weiss Multi Strategy Advisers LLC bought a new stake in QEP Resources in the 4th quarter valued at approximately $67,000. AlphaCrest Capital Management LLC bought a new stake in QEP Resources in the 4th quarter valued at approximately $80,000. Finally, CWM Advisors LLC bought a new stake in QEP Resources in the 4th quarter valued at approximately $85,000. Institutional investors and hedge funds own 99.22% of the company’s stock.

Shares of QEP opened at $8.21 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.84 and a quick ratio of 0.84. QEP Resources has a 52-week low of $5.00 and a 52-week high of $13.77. The company has a market capitalization of $1.92 billion, a P/E ratio of -48.29 and a beta of 2.14.

QEP Resources (NYSE:QEP) last issued its quarterly earnings data on Wednesday, February 20th. The pipeline company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $410.50 million during the quarter, compared to analyst estimates of $434.58 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. QEP Resources’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities analysts forecast that QEP Resources will post 0.33 EPS for the current year.

Several equities analysts have recently issued reports on the company. Wells Fargo & Co restated a “hold” rating on shares of QEP Resources in a research report on Friday, April 12th. ValuEngine lowered QEP Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. Raymond James set a $12.00 target price on QEP Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Zacks Investment Research lowered QEP Resources from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. Finally, Capital One Financial lowered QEP Resources from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. QEP Resources currently has an average rating of “Hold” and an average price target of $12.67.

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QEP Resources Company Profile

QEP Resources, Inc operates as a crude oil and natural gas exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in Western Texas; and Williston Basin in North Dakota. As of December 31, 2018, it had estimated proved reserves of approximately 658.2 MMboe.

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