Stock Traders Buy High Volume of Call Options on QEP Resources (QEP)

QEP Resources, Inc. (NYSE:QEP) was the target of some unusual options trading on Monday. Investors bought 3,204 call options on the company. This is an increase of approximately 1,009% compared to the average daily volume of 289 call options.

Shares of QEP Resources (QEP) opened at $9.12 on Thursday. QEP Resources has a fifty-two week low of $7.02 and a fifty-two week high of $21.12. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

QEP Resources (NYSE:QEP) last posted its quarterly earnings results on Wednesday, October 25th. The pipeline company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.11. QEP Resources had a negative return on equity of 3.48% and a negative net margin of 0.90%. The firm had revenue of $390.10 million during the quarter, compared to analysts’ expectations of $393.87 million. During the same quarter last year, the firm earned ($0.21) earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. research analysts predict that QEP Resources will post -0.45 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Commerce Bank acquired a new stake in shares of QEP Resources in the second quarter valued at approximately $102,000. Suntrust Banks Inc. increased its holdings in shares of QEP Resources by 5.8% in the second quarter. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 748 shares during the last quarter. Pitcairn Co. increased its holdings in shares of QEP Resources by 4.3% in the second quarter. Pitcairn Co. now owns 13,512 shares of the pipeline company’s stock valued at $136,000 after purchasing an additional 563 shares during the last quarter. Southport Management L.L.C. acquired a new stake in shares of QEP Resources in the third quarter valued at approximately $171,000. Finally, Bbva Compass Bancshares Inc. acquired a new stake in shares of QEP Resources in the third quarter valued at approximately $178,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the company. Barclays cut QEP Resources from an “overweight” rating to an “equal weight” rating and set a $9.00 target price for the company. in a report on Tuesday, November 7th. Zacks Investment Research cut QEP Resources from a “buy” rating to a “hold” rating in a report on Monday, November 6th. BMO Capital Markets set a $11.00 target price on QEP Resources and gave the company a “buy” rating in a report on Tuesday, October 10th. SunTrust Banks reissued a “hold” rating and set a $9.00 target price on shares of QEP Resources in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reduced their target price on QEP Resources from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.19.

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About QEP Resources

QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.

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