QEP Resources Sees Unusually High Options Volume (QEP)

QEP Resources Inc (NYSE:QEP) was the target of unusually large options trading on Wednesday. Stock traders bought 3,010 put options on the company. This represents an increase of 2,367% compared to the typical daily volume of 122 put options.

A number of research firms recently commented on QEP. Zacks Investment Research lowered QEP Resources from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. ValuEngine upgraded QEP Resources from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Raymond James set a $12.00 price target on QEP Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Wells Fargo & Co restated a “hold” rating on shares of QEP Resources in a research report on Friday, April 12th. 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.67.

NYSE:QEP opened at $8.21 on Thursday. QEP Resources has a 52-week low of $5.00 and a 52-week high of $13.77. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -48.29 and a beta of 2.14.

QEP Resources (NYSE:QEP) last posted its quarterly earnings data on Wednesday, February 20th. The pipeline company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). QEP Resources had a negative return on equity of 0.73% and a negative net margin of 52.34%. The firm had revenue of $410.50 million for the quarter, compared to analyst estimates of $434.58 million. During the same period in the prior year, the company posted $1.13 EPS. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, analysts expect that QEP Resources will post 0.33 earnings per share for the current year.

A number of large investors have recently bought and sold shares of QEP. Bremer Trust National Association acquired a new position in QEP Resources during the 4th quarter worth $28,000. Quantamental Technologies LLC acquired a new position in QEP Resources during the 4th quarter worth $43,000. Weiss Multi Strategy Advisers LLC acquired a new position in QEP Resources during the 4th quarter worth $67,000. AlphaCrest Capital Management LLC acquired a new position in QEP Resources during the 4th quarter worth $80,000. Finally, CWM Advisors LLC acquired a new position in QEP Resources during the 4th quarter worth $85,000. 99.22% of the stock is currently owned by hedge funds and other institutional investors.

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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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