QEP Resources Inc (NYSE:QEP) shares dropped 15.5% on Tuesday . The company traded as low as $4.19 and last traded at $4.21, approximately 7,490,400 shares traded hands during mid-day trading. An increase of 35% from the average daily volume of 5,568,867 shares. The stock had previously closed at $4.98.

A number of analysts have recently commented on QEP shares. Oppenheimer cut shares of QEP Resources from an “outperform” rating to a “market perform” rating and set a $7.25 target price for the company. in a research note on Tuesday, July 9th. JPMorgan Chase & Co. cut shares of QEP Resources from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $11.00 to $9.00 in a research note on Friday, June 7th. Piper Jaffray Companies set a $5.00 target price on shares of QEP Resources and gave the stock a “hold” rating in a research note on Friday, August 16th. CIBC reissued a “market perform” rating on shares of QEP Resources in a research note on Tuesday, July 9th. Finally, Raymond James cut shares of QEP Resources from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $8.91.

The firm has a market cap of $1.18 billion, a PE ratio of -24.76 and a beta of 1.98. The business’s 50 day moving average price is $4.04 and its 200 day moving average price is $6.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.72 and a quick ratio of 0.72.

QEP Resources (NYSE:QEP) last announced its quarterly earnings data on Wednesday, August 7th. The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). QEP Resources had a negative net margin of 44.56% and a positive return on equity of 1.29%. The business had revenue of $296.20 million for the quarter, compared to analysts’ expectations of $293.93 million. During the same period in the prior year, the company posted $0.06 EPS. The firm’s revenue was down 44.4% on a year-over-year basis. As a group, analysts predict that QEP Resources Inc will post 0.29 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.08 annualized dividend and a yield of 1.90%. QEP Resources’s dividend payout ratio is presently -47.06%.

In other QEP Resources news, CEO Timothy J. Cutt acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $4.04 per share, with a total value of $60,600.00. Following the purchase, the chief executive officer now owns 228,777 shares in the company, valued at $924,259.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Trice acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $3.80 per share, with a total value of $38,000.00. Following the purchase, the director now owns 60,000 shares in the company, valued at approximately $228,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 140,000 shares of company stock valued at $534,450. 1.71% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in QEP. CAPROCK Group Inc. purchased a new stake in QEP Resources during the 2nd quarter valued at about $72,000. Bluefin Trading LLC purchased a new stake in QEP Resources during the 2nd quarter valued at about $92,000. Teza Capital Management LLC purchased a new stake in QEP Resources during the 2nd quarter valued at about $108,000. Tiedemann Advisors LLC purchased a new stake in QEP Resources during the 2nd quarter valued at about $108,000. Finally, Royal London Asset Management Ltd. grew its stake in QEP Resources by 165.5% during the 2nd quarter. Royal London Asset Management Ltd. now owns 16,809 shares of the pipeline company’s stock valued at $121,000 after acquiring an additional 10,479 shares in the last quarter. 99.15% of the stock is owned by institutional investors.

QEP Resources Company Profile (NYSE:QEP)

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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