QEP Resources Inc (NYSE:QEP) saw some unusual options trading on Wednesday. Investors bought 22,855 put options on the company. This is an increase of 1,718% compared to the typical volume of 1,257 put options.

QEP has been the subject of a number of research reports. Zacks Investment Research raised QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, December 26th. Credit Suisse Group initiated coverage on QEP Resources in a research note on Monday, December 11th. They set an “underperform” rating and a $9.00 price target for the company. Williams Capital initiated coverage on QEP Resources in a research note on Friday, December 8th. They set a “buy” rating and a $13.00 price target for the company. BMO Capital Markets set a $11.00 price target on QEP Resources and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, Barclays lowered QEP Resources from an “overweight” rating to an “equal weight” rating and set a $9.00 price target for the company. in a research note on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. QEP Resources has an average rating of “Hold” and an average price target of $12.59.

Shares of QEP Resources (NYSE QEP) opened at $7.51 on Friday. The stock has a market capitalization of $1,850.00, a P/E ratio of -125.17, a PEG ratio of 8.68 and a beta of 1.72. QEP Resources has a one year low of $7.02 and a one year high of $17.58. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.52.

Several large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership bought a new stake in shares of QEP Resources in the 4th quarter valued at approximately $1,047,000. Systematic Financial Management LP bought a new stake in shares of QEP Resources during the 4th quarter worth approximately $1,522,000. Schroder Investment Management Group bought a new stake in shares of QEP Resources during the 4th quarter worth approximately $11,068,000. Arizona State Retirement System lifted its stake in shares of QEP Resources by 27.2% during the 4th quarter. Arizona State Retirement System now owns 173,421 shares of the pipeline company’s stock worth $1,660,000 after acquiring an additional 37,120 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. lifted its stake in shares of QEP Resources by 24.7% during the 4th quarter. Eagle Boston Investment Management Inc. now owns 96,739 shares of the pipeline company’s stock worth $925,000 after acquiring an additional 19,132 shares during the last quarter. 93.41% of the stock is owned by institutional investors and hedge funds.

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QEP Resources Company Profile

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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