Piper Jaffray Upgrades QEP Resources Inc to Overweight

Brokerage firm Piper Jaffray Upgrades its rating on QEP Resources Inc(NYSE:QEP). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by Piper Jaffray was issued on Jun 15, 2016.

In a different note, On Jun 14, 2016, Deutsche Bank said it Maintains its rating on QEP Resources Inc. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Buy’ by the firm. Drexel Hamilton said it Initiates Coverage on QEP Resources Inc, according to a research note issued on Jun 8, 2016. The shares have been rated ‘Buy’ by the firm. On Apr 29, 2016, Raymond James said it Upgrades its rating on QEP Resources Inc. The shares have been rated ‘Strong Buy’ by the firm.

QEP Resources Inc (QEP) made into the market gainers list on Tuesdays trading session with the shares advancing 1.85% or 0.35 points. Due to strong positive momentum, the stock ended at $19.32, which is also near the day’s high of $19.34. The stock began the session at $19.02 and the volume stood at 31,81,629 shares. The 52-week high of the shares is $20.96 and the 52 week low is $8.54. The company has a current market capitalization of $4,188 M and it has 21,67,47,840 shares in outstanding.

QEP Resources Inc(QEP) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $261.30M. Analysts had an estimated revenue of $423.46M. Earnings per share were $-0.53. Analysts had estimated an EPS of $-0.59.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Christopher K Woosley (VP, GC, and Corp Secretary) sold 1,717 shares at $10.24 per share price.

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).

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