Mizuho Downgrades QEP Resources Inc to Neutral

Brokerage firm Mizuho Downgrades its rating on QEP Resources Inc(QEP). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Mizuho was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 10, 2017, Wells Fargo said it Upgrades its rating on QEP Resources Inc. The shares have been rated ‘Outperform’ by the firm. On Jan 3, 2017, FBR Capital said it Upgrades its rating on QEP Resources Inc. According to the research note, FBR Capital Raises the price target to $24 per share from a prior target of $20. The shares have been rated ‘Outperform’ by the firm.

QEP Resources Inc (QEP) made into the market gainers list on Fridays trading session with the shares advancing 1.17% or 0.14 points. Due to strong positive momentum, the stock ended at $12.12, which is also near the day’s high of $12.21. The stock began the session at $12.01 and the volume stood at 38,85,384 shares. The 52-week high of the shares is $21.12 and the 52 week low is $11.835. The company has a current market capitalization of $2,904 M and it has 23,95,66,260 shares in outstanding.

QEP Resources Inc(QEP) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $399.700M. Analysts had an estimated revenue of $389.900M. Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.22.

Several Insider Transactions has been reported to the SEC. On Feb 27, 2017, Phillips S Jr Baker (director) purchased 7,000 shares at $14.21 per share price.Also, On Sep 8, 2016, Charles B Stanley (CEO) purchased 16,763 shares at $17.85 per share price.On Mar 9, 2016, Christopher K Woosley (VP, GC, and Corp Secretary) sold 1,717 shares at $10.24 per share price, according to the Form-4 filing with the securities and exchange commission.

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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