Sentiment for Qep Resources Inc (NYSE:QEP)
Qep Resources Inc (NYSE:QEP) institutional sentiment decreased to 0.92 in 2019 Q1. Its down -0.39, from 1.31 in 2018Q4. The ratio dropped, as 105 hedge funds opened new or increased positions, while 114 sold and decreased holdings in Qep Resources Inc. The hedge funds in our partner’s database now have: 215.71 million shares, down from 230.86 million shares in 2018Q4. Also, the number of hedge funds holding Qep Resources Inc in their top 10 positions increased from 2 to 3 for an increase of 1. Sold All: 43 Reduced: 71 Increased: 72 New Position: 33.
QEP Resources, Inc., through its subsidiaries, operates as a natural gas and crude oil exploration and production firm in the United States. The company has market cap of $995.03 million. The firm conducts exploration and production activities in the Williston Basin in North Dakota, Permian Basin in western Texas; Pinedale Anticline in western Wyoming; Uinta Basin in eastern Utah; Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado. It currently has negative earnings. As of December 31, 2016, it had estimated proved reserves of 731.4 MMboe.
The stock increased 2.20% or $0.09 during the last trading session, reaching $4.18. About 6.59M shares traded or 12.84% up from the average. QEP Resources, Inc. (NYSE:QEP) has declined 52.77% since August 11, 2018 and is downtrending. It has underperformed by 52.77% the S&P500.
Oslo Asset Management As holds 12.22% of its portfolio in QEP Resources, Inc. for 6.99 million shares. Bain Capital Credit Lp owns 492,104 shares or 5.39% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 3.99% invested in the company for 7.32 million shares. The Pennsylvania-based Schneider Capital Management Corp has invested 2.41% in the stock. Wexford Capital Lp, a Connecticut-based fund reported 1.69 million shares.
Since January 1, 0001, it had 2 insider buys, and 0 insider sales for $81,450 activity.
QEP Resources, Inc. (NYSE:QEP) Ratings Coverage
Ratings analysis reveals 0 of QEP Resources’s analysts are positive. Out of 2 Wall Street analysts rating QEP Resources, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $8.5 while the high is $1100. The stock’s average target of $9.42 is 125.36% above today’s ($4.18) share price. QEP was included in 8 notes of analysts from February 20, 2019. The firm earned “Hold” rating on Thursday, February 21 by Williams Capital Group. The firm has “Hold” rating given on Monday, February 25 by FBR Capital.
More notable recent QEP Resources, Inc. (NYSE:QEP) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For August 8, 2019 – Benzinga” on August 08, 2019, also Seekingalpha.com with their article: “QEP Resources: A Steal – Seeking Alpha” published on January 11, 2019, Globenewswire.com published: “QEP Resources Confirms Receipt of Proposal from Elliott – GlobeNewswire” on January 07, 2019. More interesting news about QEP Resources, Inc. (NYSE:QEP) were released by: Seekingalpha.com and their article: “QEP Resources Q1 2019 Earnings Preview – Seeking Alpha” published on April 23, 2019 as well as Finance.Yahoo.com‘s news article titled: “Shares of Whiting Petroleum Drop on Acquisition Rumors – Yahoo Finance” with publication date: May 22, 2019.
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