QEP Resources Inc (NYSE:QEP) had its price objective trimmed by Deutsche Bank from $17.00 to $13.00 in a research note issued to investors on Thursday morning, Analyst Ratings.Net reports. The firm currently has a buy rating on the stock.

A number of hedge funds and institutional investors have recently bought and sold shares of the stock. Creative Planning raised its position in QEP Resources by 9.5% in the fourth quarter. Creative Planning now owns 23,021 shares of the company’s stock worth $308,000 after buying an additional 2,000 shares during the last quarter. Kanaly Trust Co. raised its stake in QEP Resources by 374.7% in the fourth quarter. Kanaly Trust Co. now owns 109,906 shares of the company’s stock valued at $1,473,000 after buying an additional 86,752 shares in the last quarter. Finally, First Quadrant L P CA bought a new stake in QEP Resources during the fourth quarter valued at about $3,580,000.

Shares of QEP Resources (NYSE:QEP) traded up 12.18% during midday trading on Thursday, hitting $11.05. 3,559,978 shares of the stock were exchanged. The stock’s 50 day moving average is $12.11 and its 200 day moving average is $13.76. QEP Resources has a 12-month low of $8.54 and a 12-month high of $24.04. The firm has a market cap of $1.95 billion and a P/E ratio of 3.54.

QEP has been the subject of a number of other research reports. Cowen and Company cut their target price on shares of QEP Resources from $19.00 to $18.00 in a research report on Friday, October 9th. Zacks Investment Research downgraded shares of QEP Resources from a buy rating to a hold rating in a research report on Thursday, October 1st. Barclays cut their target price on shares of QEP Resources from $16.00 to $15.00 and set an equal weight rating for the company in a research report on Tuesday, December 8th. Finally, Cantor Fitzgerald reiterated a buy rating on shares of QEP Resources in a research report on Monday, December 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. QEP Resources has a consensus rating of Hold and a consensus price target of $19.83.

QEP Resources, Inc. (NYSE: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 the Haynesville Gathering System and an underground gas storage facility (QEP Marketing and Other). The Company’s operations are focused in two geographic regions: the Northern Region (primarily in Wyoming, North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. QEP Energy Company conducts exploration and production (E&P) activities in several of North America’s hydrocarbon resource plays. QEP Marketing Company provides wholesale marketing and sales of affiliate and third-party gas, oil and natural gas liquids (NGL).

12 Month Chart for NYSE:QEP

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