QEP Resources (QEP) Received Deutsche Bank Lower Rating, Slate Retail REIT (TSE:SRT.UN) Covered By 3 Bullish Analysts Last Week

July 18, 2017 - By Nellie Frank

Among 19 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. QEP Resources has $29 highest and $1000 lowest target. $19.79’s average target is 111.21% above currents $9.37 stock price. QEP Resources had 36 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, August 10 by Zacks. The rating was upgraded by FBR Capital to “Outperform” on Tuesday, January 3. BMO Capital Markets maintained QEP Resources Inc (NYSE:QEP) on Monday, June 26 with “Buy” rating. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, December 9 report. As per Tuesday, April 12, the company rating was initiated by JP Morgan. As per Friday, February 10, the company rating was upgraded by Wells Fargo. The rating was initiated by Cantor Fitzgerald with “Buy” on Wednesday, December 23. The stock of QEP Resources Inc (NYSE:QEP) earned “Neutral” rating by Goldman Sachs on Thursday, October 6. The firm has “Neutral” rating given on Thursday, March 23 by UBS. The firm earned “Hold” rating on Friday, October 7 by Evercore.

Among 4 analysts covering Slate Retail REIT (TSE:SRT.UN), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Slate Retail REIT had 8 analyst reports since October 26, 2015 according to SRatingsIntel. The rating was maintained by National Bank Canada on Monday, October 26 with “Sector Perform”. The stock of Slate Retail REIT (TSE:SRT.UN) has “Outperform” rating given on Monday, February 27 by BMO Capital Markets. The rating was maintained by National Bank Canada on Monday, January 23 with “Outperform”. As per Tuesday, November 17, the company rating was maintained by RBC Capital Markets. The rating was initiated by Raymond James on Tuesday, June 7 with “Outperform”. See Slate Retail REIT (TSE:SRT.UN) latest ratings:

05/05/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $16.00 Target Up
27/02/2017 Broker: BMO Capital Markets Rating: Outperform New Target: $12.75 Maintain
23/01/2017 Broker: National Bank Canada Rating: Outperform New Target: $11.75 Maintain

Since February 24, 2017, it had 1 buy, and 0 sales for $99,470 activity. BAKER PHILLIPS S JR also bought $99,470 worth of QEP Resources Inc (NYSE:QEP) shares.

It closed at $9.37 lastly. It is down 34.57% since July 18, 2016 and is downtrending. It has underperformed by 51.27% the S&P500.

Analysts await QEP Resources Inc (NYSE:QEP) to report earnings on July, 26 after the close. They expect $-0.17 EPS, up 26.09% or $0.06 from last year’s $-0.23 per share. After $-0.14 actual EPS reported by QEP Resources Inc for the previous quarter, Wall Street now forecasts 21.43% negative EPS growth.

QEP Resources, Inc. is an independent natural gas and crude oil exploration and production company. The company has market cap of $2.24 billion. The Firm focuses on two regions of the United States: the Northern Region and the Southern Region (primarily in Texas and Louisiana). It currently has negative earnings. The Firm conducts exploration and production activities in North America’s hydrocarbon resource plays.

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.13, from 1.23 in 2016Q3. It fall, as 36 investors sold QEP Resources Inc shares while 103 reduced holdings. 49 funds opened positions while 104 raised stakes. 211.96 million shares or 0.85% more from 210.18 million shares in 2016Q3 were reported. Blackrock Institutional Tru Na holds 7.46M shares or 0.02% of its portfolio. Schwab Charles Inv Mgmt Incorporated has 1.61M shares. The Michigan-based Comerica Bankshares has invested 0.03% in QEP Resources Inc (NYSE:QEP). Cubist Systematic Strategies Lc holds 0.05% of its portfolio in QEP Resources Inc (NYSE:QEP) for 36,352 shares. Cibc World has invested 0.1% of its portfolio in QEP Resources Inc (NYSE:QEP). Walleye Trading Ltd Limited Liability Company reported 38,104 shares or 0% of all its holdings. First Mercantile Trust has 0.05% invested in QEP Resources Inc (NYSE:QEP). 1.96 million were reported by Northern Tru. Bnp Paribas Arbitrage Sa invested in 0.03% or 321,051 shares. Quantbot Tech Limited Partnership invested 0.04% of its portfolio in QEP Resources Inc (NYSE:QEP). Creative Planning owns 0% invested in QEP Resources Inc (NYSE:QEP) for 35,673 shares. Parametric Portfolio Associate Ltd Com invested in 242,118 shares or 0.01% of the stock. Integral Derivatives Limited reported 0.01% of its portfolio in QEP Resources Inc (NYSE:QEP). Northwestern Mutual Wealth owns 2,050 shares or 0% of their US portfolio. Caymus Cap Partners Limited Partnership reported 4.61 million shares.

Slate Retail REIT is a Canada unincorporated open-ended real estate investment trust. The company has market cap of $599.56 million. The REIT focuses on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States with an emphasis on grocery-anchored retail properties. It currently has negative earnings. The REIT owns approximately 66 grocery anchored retail commercial properties located in the United States comprising over 7.6 million square feet of gross leasable area (GLA).

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