QEP Resources, Inc. (QEP) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of QEP Resources, Inc. (NYSE:QEP) from a market perform rating to an outperform rating in a research note published on Friday morning.

A number of other research analysts also recently weighed in on QEP. Scotiabank raised shares of QEP Resources from an outperform rating to a focus stock rating and raised their target price for the company from $31.00 to $33.00 in a research report on Thursday, January 12th. FBR & Co raised shares of QEP Resources from a market perform rating to an outperform rating and raised their target price for the company from $20.00 to $24.00 in a research report on Tuesday, January 3rd. Finally, Zacks Investment Research downgraded shares of QEP Resources from a hold rating to a sell rating in a research report on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. QEP Resources presently has a consensus rating of Buy and an average target price of $23.38.

Analyst Recommendations for QEP Resources (NYSE:QEP)

QEP Resources (NYSE:QEP) opened at 17.18 on Friday. The stock’s 50 day moving average is $17.95 and its 200 day moving average is $18.30. The company’s market cap is $4.12 billion. QEP Resources has a 12-month low of $9.17 and a 12-month high of $21.12.

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Hedge funds have recently modified their holdings of the company. Creative Planning boosted its stake in shares of QEP Resources by 0.6% in the third quarter. Creative Planning now owns 32,954 shares of the company’s stock valued at $644,000 after buying an additional 200 shares during the period. Oakbrook Investments LLC boosted its stake in shares of QEP Resources by 0.8% in the third quarter. Oakbrook Investments LLC now owns 24,200 shares of the company’s stock valued at $473,000 after buying an additional 200 shares during the period. Benin Management CORP boosted its stake in shares of QEP Resources by 1.4% in the third quarter. Benin Management CORP now owns 14,750 shares of the company’s stock valued at $288,000 after buying an additional 200 shares during the period. Aperio Group LLC boosted its stake in shares of QEP Resources by 1.0% in the third quarter. Aperio Group LLC now owns 22,465 shares of the company’s stock valued at $439,000 after buying an additional 222 shares during the period. Finally, Advantus Capital Management Inc boosted its stake in shares of QEP Resources by 1.7% in the third quarter. Advantus Capital Management Inc now owns 29,163 shares of the company’s stock valued at $570,000 after buying an additional 491 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

QEP Resources Company Profile

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 a gas gathering system and an underground gas storage facility, and corporate activities (QEP Marketing and Other).

5 Day Chart for NYSE:QEP

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