QEP Resources, Inc. (QEP) Reaches $8.68 After 3.00% Up Move; Hess (HES)’s Sentiment Is 0.88

February 18, 2018 - By Kurt Siggers

The stock of QEP Resources, Inc. (NYSE:QEP) is a huge mover today! The stock increased 3.83% or $0.32 during the last trading session, reaching $8.68. About 8.53M shares traded or 52.44% up from the average. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since February 18, 2017 and is downtrending. It has underperformed by 51.27% the S&P500.The move comes after 9 months positive chart setup for the $2.09B company. It was reported on Feb, 18 by Barchart.com. We have $8.94 PT which if reached, will make NYSE:QEP worth $62.73M more.

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company has market cap of $14.51 billion. The firm operates in two divisions, Exploration and Production, and Bakken Midstream. It currently has negative earnings. It is also involved in natural gas and crude oil gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading natural gas and crude oil liquids, and the storage and terminating of propane primarily in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.

Since January 1, 0001, it had 0 insider buys, and 9 sales for $5.74 million activity.

Key Group Holdings (Cayman) Ltd. holds 7.01% of its portfolio in Hess Corporation for 1.38 million shares. Mayo Investment Advisers Llc owns 264,303 shares or 5.69% of their US portfolio. Moreover, Mitchell Group Inc has 3.99% invested in the company for 538,416 shares. The New York-based Central Securities Corp has invested 3.77% in the stock. Levin Capital Strategies L.P., a New York-based fund reported 4.01 million shares.

Ratings analysis reveals 100% of Hess’s analysts are positive. Out of 2 Wall Street analysts rating Hess, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. HES was included in 2 notes of analysts from September 12, 2016. The stock has “Overweight” rating by JP Morgan on Thursday, December 8. KLR Group initiated the shares of HES in report on Monday, September 12 with “Accumulate” rating.

The stock increased 0.26% or $0.12 during the last trading session, reaching $45.65. About 4.51M shares traded or 1.93% up from the average. Hess Corporation (HES) has declined 14.55% since February 18, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Analysts await QEP Resources, Inc. (NYSE:QEP) to report earnings on February, 28. They expect $-0.07 earnings per share, up 53.33% or $0.08 from last year’s $-0.15 per share. After $-0.10 actual earnings per share reported by QEP Resources, Inc. for the previous quarter, Wall Street now forecasts -30.00% EPS growth.

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 $2.09 billion. 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.

Among 25 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 1 Sell and 11 Hold. Therefore 52% are positive. QEP Resources had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, June 8 by Drexel Hamilton. The firm earned “Buy” rating on Tuesday, January 16 by Mizuho. Barclays Capital maintained QEP Resources, Inc. (NYSE:QEP) rating on Wednesday, October 11. Barclays Capital has “Overweight” rating and $9 target. KLR Group initiated the stock with “Buy” rating in Wednesday, March 16 report. Cowen & Co maintained QEP Resources, Inc. (NYSE:QEP) rating on Friday, August 25. Cowen & Co has “Buy” rating and $12.0 target. The rating was upgraded by Mizuho to “Buy” on Tuesday, November 21. JP Morgan downgraded the shares of QEP in report on Friday, July 28 to “Neutral” rating. As per Wednesday, December 23, the company rating was initiated by Cantor Fitzgerald. The rating was maintained by Piper Jaffray on Tuesday, January 9 with “Buy”. The rating was downgraded by J.P. Morgan to “Hold” on Friday, July 28.

Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.07, from 1.3 in 2017Q2. It dropped, as 37 investors sold QEP Resources, Inc. shares while 74 reduced holdings. 46 funds opened positions while 90 raised stakes. 219.29 million shares or 0.85% less from 221.16 million shares in 2017Q2 were reported. Ameriprise invested in 0% or 756,714 shares. Tci Wealth Advsrs holds 0% of its portfolio in QEP Resources, Inc. (NYSE:QEP) for 90 shares. Zacks Inv Mgmt stated it has 17,180 shares or 0% of all its holdings. Gallagher Fiduciary Advsr Ltd Liability has 866,467 shares for 2.99% of their portfolio. California State Teachers Retirement Systems accumulated 415,134 shares. Eagle Boston Mngmt owns 77,607 shares for 0.07% of their portfolio. 611,098 were reported by Parametric Portfolio Associate Limited Liability Corp. Miller Howard Ny reported 18,845 shares. 80,824 are owned by Suntrust Banks Inc. Boston holds 0.01% or 490,742 shares. Legal And General Grp Public Ltd Liability has 368,973 shares for 0% of their portfolio. Northwestern Mutual Wealth holds 5,034 shares. 188,800 were accumulated by Public Employees Retirement Systems Of Ohio. Ajo Limited Partnership owns 437,937 shares for 0.02% of their portfolio. Schneider Cap Mgmt holds 4.15 million shares.

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