An issue of QEP Resources Inc (NYSE:QEP) debt fell 1.5% as a percentage of its face value during trading on Tuesday. The high-yield debt issue has a 5.625% coupon and will mature on March 1, 2026. The debt is now trading at $97.00 and was trading at $99.50 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.
Several research analysts have recently issued reports on QEP shares. Zacks Investment Research upgraded shares of QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, December 26th. Credit Suisse Group started coverage on shares of QEP Resources in a research note on Monday, December 11th. They issued an “underperform” rating and a $9.00 target price on the stock. Williams Capital started coverage on shares of QEP Resources in a research note on Friday, December 8th. They issued a “buy” rating and a $13.00 target price on the stock. BMO Capital Markets set a $11.00 target price on shares of QEP Resources and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, Mizuho set a $15.00 target price on shares of QEP Resources and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.54.
Shares of QEP Resources Inc (QEP) opened at $8.20 on Thursday. QEP Resources Inc has a twelve month low of $7.02 and a twelve month high of $17.44. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.54.
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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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