Qep Res INC (QEP) Share Value Declined While Oslo Asset Management Asa Boosted Stake

May 21, 2018 - By Maria Brooks

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.20, from 1.23 in 2017Q3. It dived, as 33 investors sold QEP shares while 83 reduced holdings. 38 funds opened positions while 81 raised stakes. 207.43 million shares or 5.41% less from 219.29 million shares in 2017Q3 were reported. Southport Mgmt Limited Liability Com holds 0.47% or 20,000 shares in its portfolio. Invesco Limited holds 0.03% or 9.26 million shares. Renaissance Llc owns 873,100 shares. The Massachusetts-based Numeric Invsts Limited Liability has invested 0.01% in QEP Resources, Inc. (NYSE:QEP). Ing Groep Nv stated it has 0.01% in QEP Resources, Inc. (NYSE:QEP). Vaughan Nelson Inv Management Lp reported 0.43% stake. Indexiq Advisors Limited Company accumulated 6,916 shares. Manufacturers Life Co The stated it has 0% in QEP Resources, Inc. (NYSE:QEP). Moreover, Vanguard Group has 0.01% invested in QEP Resources, Inc. (NYSE:QEP) for 20.56M shares. Los Angeles Cap Management Equity reported 0.01% in QEP Resources, Inc. (NYSE:QEP). 10.81M were accumulated by Dimensional Fund Advisors L P. Moreover, Jacobs Levy Equity has 0.02% invested in QEP Resources, Inc. (NYSE:QEP). Brown Advisory Inc reported 0% in QEP Resources, Inc. (NYSE:QEP). Systematic Management LP stated it has 0.03% in QEP Resources, Inc. (NYSE:QEP). 303,705 are held by Riverhead Management.

Since March 8, 2018, it had 1 insider purchase, and 0 sales for $90,000 activity.

Oslo Asset Management Asa increased its stake in Qep Res Inc (QEP) by 123% based on its latest 2017Q4 regulatory filing with the SEC. Oslo Asset Management Asa bought 1.44 million shares as the company’s stock declined 2.19% with the market. The institutional investor held 2.61M shares of the energy company at the end of 2017Q4, valued at $25.01 million, up from 1.17M at the end of the previous reported quarter. Oslo Asset Management Asa who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $3.21 billion market cap company. The stock increased 3.00% or $0.395 during the last trading session, reaching $13.555. About 2.78 million shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 22.78% since May 21, 2017 and is downtrending. It has underperformed by 34.33% the S&P500.

More important recent QEP Resources, Inc. (NYSE:QEP) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for root9B Holdings Inc., Comfort Systems, SS&C Technologies, ZIOPHARM …” on May 16, 2018, also Seekingalpha.com published article titled: “QEP Resources edges lower after Q1 loss, production decline”, Globenewswire.com published: “QEP Resources Reports First Quarter 2018 Financial and Operating Results” on April 25, 2018. More interesting news about QEP Resources, Inc. (NYSE:QEP) was released by: Seekingalpha.com and their article: “LJM – The Autopsy” with publication date: May 21, 2018.

QEP Resources, Inc. (NYSE:QEP) Ratings Coverage

Among 14 analysts covering QEP Resources (NYSE:QEP), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. QEP Resources had 21 analyst reports since December 8, 2017 according to SRatingsIntel. The firm has “Hold” rating by SunTrust given on Tuesday, February 6. Piper Jaffray maintained QEP Resources, Inc. (NYSE:QEP) rating on Wednesday, March 14. Piper Jaffray has “Buy” rating and $13.0 target. As per Monday, April 16, the company rating was maintained by SunTrust. The stock of QEP Resources, Inc. (NYSE:QEP) has “Neutral” rating given on Tuesday, May 1 by PiperJaffray. Stephens maintained the stock with “Hold” rating in Tuesday, April 24 report. As per Tuesday, January 9, the company rating was maintained by Piper Jaffray. Stifel Nicolaus maintained the shares of QEP in report on Monday, April 23 with “Buy” rating. The rating was initiated by Credit Suisse with “Sell” on Monday, December 11. As per Tuesday, April 24, the company rating was maintained by JP Morgan. The company was maintained on Wednesday, April 11 by BMO Capital Markets.

QEP Resources, Inc. (NYSE:QEP) Institutional Positions Chart

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