QEP Resources Inc (QEP) : Vollero Beach Capital Partners reduced its stake in QEP Resources Inc by 22.71% during the most recent quarter end. The investment management company now holds a total of 540,343 shares of QEP Resources Inc which is valued at $10,347,568 after selling 158,744 shares in QEP Resources Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.QEP Resources Inc makes up approximately 2.29% of Vollero Beach Capital Partners’s portfolio.
Other Hedge Funds, Including , Parallax Volatility Advisers added QEP to its portfolio by purchasing 14,023 company shares during the most recent quarter which is valued at $268,540. QEP Resources Inc makes up approx 0.01% of Parallax Volatility Advisers’s portfolio.Proshare Advisors reduced its stake in QEP by selling 1,449 shares or 3.65% in the most recent quarter. The Hedge Fund company now holds 38,208 shares of QEP which is valued at $731,683. QEP Resources Inc makes up approx 0.01% of Proshare Advisors’s portfolio.Blackrock Advisors boosted its stake in QEP in the latest quarter, The investment management firm added 23,837 additional shares and now holds a total of 183,398 shares of QEP Resources Inc which is valued at $3,512,072.
QEP Resources Inc closed down -0.03 points or -0.16% at $19.07 with 42,64,291 shares getting traded on Thursday. Post opening the session at $18.96, the shares hit an intraday low of $18.87 and an intraday high of $19.385 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, QEP Resources Inc reported $-0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.36. The company had revenue of $333.70 million for the quarter, compared to analysts expectations of $353.57 million. The company’s revenue was down -41.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.
Many Wall Street Analysts have commented on QEP Resources Inc. Company shares were Upgraded by Barclays on Aug 3, 2016 to ” Overweight”, Firm has raised the Price Target to $ 22 from a previous price target of $17 .FBR Capital Initiated QEP Resources Inc on Jul 21, 2016 to “Mkt Perform”, Price Target of the shares are set at $19.QEP Resources Inc was Upgraded by Piper Jaffray to ” Overweight” on Jun 15, 2016.
QEP Resources Inc. (QEP) is a holding company with two subsidiaries QEP Energy Company and QEP Marketing Company which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy) and oil and gas marketing operation of the Haynesville Gathering System and an underground gas storage facility (QEP Marketing and Other). The Company’s operations are focused in two geographic regions: the Northern Region (primarily in Wyoming North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. QEP Energy Company conducts exploration and production (E&P) activities in several of North America’s hydrocarbon resource plays. QEP Marketing Company provides wholesale marketing and sales of affiliate and third-party gas oil and natural gas liquids (NGL).