QEP (QEP) (PBCT) (PPG) (ISRG) (SAP) (TTI) Ratings, Price Targets

QEP Resources (NYSE: QEP), People’s United Financial, Inc. (NASDAQ: PBCT), PPG (NYSE: PPG), Intuitive Surgical, Inc. (NASDAQ: ISRG), SAP Aktiengesellschaft (NYSE: SAP) and Tetra Technologies Incorporated (NYSE: TTI) ratings and price targets.

QEP Resources (QEP) was upgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Strong Buy” rating.

People’s United Financial, Inc. (PBCT) is now covered by Deutsche Bank (NYSE:DB). They placed a “Hold” rating on the company.

PPG (NYSE: PPG) is now covered by Jefferies Group (NYSE:JEF). They placed a “Hold” rating on the company.

Intuitive Surgical, Inc. (ISRG) is now covered by ThinkEquity. They placed a “Buy” rating on the company.

SAP Aktiengesellschaft (SAP) was upgraded by BNP Paribas from an “Underperform” rating to a “Neutral” rating.

Tetra Technologies Incorporated (TTI) was downgraded by Raymond James from a “Strong Buy” rating to an “Outperform” rating.

Hess (HES) (DOW) (PFCB) (QEP) (TEVA) (DOX) EPS Estimates Changed

Hess Corp. (NYSE: HES), The Dow Chemical Company (NYSE: DOW), P.F. Chang’s China Bistro (NASDAQ: PFCB), QEP Resources (NYSE: QEP), Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA) and Amdocs Limited (NYSE: DOX) EPS estimates adjusted.

UBS AG (NYSE:UBS) cut its EPS estimates on Hess Corp. (HES). They have a “Buy” rating and a price target of $90.00 on the company.

UBS AG boosted its EPS estimates on The Dow Chemical Company (DOW). The y have a “Buy” rating and a price target of $46.50 on the company.

Credit Suisse (NYSE:CS) lowered its EPS estimates on P.F. Chang’s China Bistro (PFCB). They have a “Neutral” rating and a price target of $34.00 on the company.

Goldman Sachs (NYSE:GS) raised its EPS estimates on QEP Resources (QEP). They have a “Neutral” rating and a price target of $49.00 on the company.

UBS AG raised its EPS estimates on Teva Pharmaceutical Industries Ltd (TEVA). They have a “Buy” rating and a price target of $64.00 on the company.

Citigroup (NYSE:C) raised its EPS estimates on Amdocs Limited (DOX). They have a “Buy” rating and a price target of $37.00 on the company.

JinkoSolar (JKS) (KGC) (KOS) (PAG) (QEP) Get New Coverage

JinkoSolar Holding Co., Ltd. (NYSE: JKS), Kinross Gold Corp (NYSE: KGC), Kosmos Energy Ltd (NYSE: KOS), Penske Automotive (NYSE: PAG) and QEP Resources (NYSE: QEP) have received new coverage from analysts.

Pacific Crest initiated coverage on JinkoSolar Holding (JKS). They placed an “outperform” rating on the company.

HSBC launched coverage on Kinross Gold Corp. (KGC). They placed an “overweight” rating on the company.

Howard Weil started covering Kosmos Energy Ltd (KOS). They placed an “outperform” rating and a price target of $21.00 on the company.

ThinkEquity initiated coverage on Penske Automotive (PAG). They placed a “buy” rating on the company.

Jefferies (NYSE:JEF) initiated coverage on QEP Resources (QEP). They placed a “Buy” rating and a price target of $52.00 on the company.

Dividends on (DPS) (PPL) (TRNO) (QEP) (NSP) Declared

Dr. Pepper Snapple Group, Inc. (NYSE:DPS), PPL Corporation (NYSE:PPL), Terreno Realty Corp. (NYSE:TRNO), QEP Resources, Inc. (NYSE:QEP) and Insperity, Inc. (NYSE:NSP) declare dividends.

The Board of Directors of Dr. Pepper Snapple Group, Inc. (DPS) declared a quarterly common stock dividend of $0.32 per share payable 7/8/11 to shareholders of record at the close of business on 6/20/11.

The Board of Directors of PPL Corporation (PPL) declared a quarterly common stock dividend of $0.35 per share payable 7/1/11 to shareholders of record at the close of business on 6/10/11.

The Board of Directors of Terreno Realty Corp. (TRNO) declared a quarterly common stock dividend of $0.10 per share payable 7/20/11 to shareholders of record at the close of business on 7/6/11.

The Board of Directors of QEP Resources, Inc. (QEP) declared a quarterly common stock dividend of $0.02 per share payable 6/13/11 to shareholders of record at the close of business on 5/27/11.

The Board of Directors of Insperity, Inc. (NSP) declared a quarterly common stock dividend of $0.15 per share payable 6/24/11 to shareholders of record at the close of business on 6/2/11

Dividend Yields for (QEP) (PXD) (SYY) (SVU) (WMT)

Indicated dividend yields for Standard & Poor's 500 Index companies QEP Resources Inc (QEP), Pioneer Natural Resources Co (PXD), Sysco Corp (SYY), SUPERVALU Inc (SVU) and Wal-Mart Stores Inc (WMT).

These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.

QEP Resources Inc (QEP) has a dividend yield of 0.19 percent on a declared dividend of $0.02. The payout ratio is 4.8 percent.

Pioneer Natural Resources Co (PXD) has a dividend yield of 0.08 percent on a declared dividend of $0.04. The payout ratio is 4.3 percent.

Sysco Corp (SYY) has a dividend yield of 3.60 percent on a declared dividend of $0.26. The payout ratio is 58.9 percent.

SUPERVALU Inc (SVU) has a dividend yield of 3.11 percent on a declared dividend of $0.09. The payout ratio is 19.5 percent.

Wal-Mart Stores Inc (WMT) has a dividend yield of 2.66 percent on a declared dividend of $0.36. The payout ratio is 31.8 percent.

Apache (NYSE:APA), EOG Resources (NYSE:EOG), Devon (NYSE:DVN), QEP Resources (NYSE:QEP) Top Picks for Barclays

In the Integrated Oil And Refiners, Barclays (NYSE:BCS) named their top picks in the category, which were Apache (NYSE:APA), EOG Resources (NYSE:EOG), Devon (NYSE:DVN) and QEP Resources (NYSE:QEP), as well as commenting on the sector.

Weekly Highligths: CNQ'S Horizon Fire: Canadian Natural
Resources (NYSE:CNQ) shares made up a little ground on Monday 01/10 after falling sharply on Friday 01/07/11 in reaction to a fire reported at its Primary Upgrading facility at the Horizon Oil Sands Plant. Production at the plant is now shut in. While still early, electronic and instrument communication exists with two coke drums and visual observations indicate damage to two coke drums is likely to be minimal. Additionally, CNQ has indicated the
Horizon plant could possibly run at 50% of capacity using 2 drums while repairs to the other coke drums cutting deck and derrick infrastructure is completed. We estimate the negative impact on revenue is an estimated $0.25 per share for each month the upgrader would be out of service.

Notable potential catalysts: Newfield Exploration (NYSE:NFX)
update on activity in the Maverick Basin targeting the Eagleford shale.

The group trades at 6.6 x our 2012 debt-adjusted cash-flow
estimates on a price deck of $90/$4.50 (excluding COS, MEG, Range Resources (NYSE:RRC), Southwestern (NYSE:SWN), and Ultra Petroleum (NYSE:UPL)), a 10% premium to historical valuation of 6.0x forward-year cash flow. Our top picks are Apache (APA), EOG Resources (EOG), Devon (DVN) and QEP Resources (QEP) (the only gas stock of the four.)"

Apache (NYSE:APA), EOG Resources (NYSE:EOG), Devon (NYSE:DVN), QEP Resources (NYSE:QEP) Top Integrated Oil And Refiners Picks of Barclays

The top picks of Barclays (NYSE:BCS) in the Integrated Oil And Refiners segment are Apache (NYSE:APA), EOG Resources (NYSE:EOG), Devon (NYSE:DVN) and QEP Resources (NYSE:QEP).

Barclays said, "Highlight of the week: Israel. The Noble-operated Leviathan well confirmed the pre-drill (P50) resource range of 16 tcf and the Sheshinski Committee presented a set of recommendations that would increase the government share of natural gas revenues from about one third to 50-62%. While this is a very substantial discovery, the tax change could be read as punitive. Although the tax changes are not as negative as earlier suggestions, the acceptance of these recommendations would have a material negative impact on the NAV of both Tamar and Leviathan. We believe that Noble will deliver value creation well above peer averages, but we caution that there could be a negative reaction to continuing tax discussions.

"Notable potential catalysts. Monthly production volumes from Canadian Oil Sands operators as well as a budget announcement from Pioneer.

"The group trades at 6.7 times our 2012 debt-adjusted cash-flow estimates on a price deck of $90/$4.50 (excluding COS, MEG, Range Resources (NYSE:RRC), Southwestern Energy (NYSE:SWN), and Ultra Petroleum (NYSE:UPL)), a 12% premium to the historical valuation of 6.0 times forward-year cash flow. Our top picks are Apache, EOG Resources, Devon and QEP Resources (the only gas stock of the four)."

Apache closed Tuesday at $121.86, up $0.83, or 0.69 percent. EOG closed at $92.14, down $0.21, or 0.23 percent. Devon closed at $78.20, losing $0.48, or 0.61 percent. QEP closed at $36.51, dropping $0.01, or 0.03 percent.

Anadarko (NYSE:APC), Rex Energy (Nasdaq: REXX), Carrizo (Nasdaq:CRZO), Petroleum Development (Nasdaq:PETD) and QEP (NYSE:QEP) Niobrara Results Anticipated

Anticipation is growing over the Niobrara well results from energy companies like Anadarko (NYSE:APC), Rex Energy (Nasdaq:REXX), Carrizo (Nasdaq:CRZO), Petroleum Development (Nasdaq:PETD) and QEP (NYSE:QEP), who are expected to release findings over the next several months.

Barclays (NYSE:BCS) noted, "The Niobrara could be the next big oil-shale play. The Eagleford and arguably the Bakken and Barnett are the others. Activity in the area has picked up and we expect a slew of new well results (many in untested areas) over the coming months. Chesapeake's (NYSE:CHK) much anticipated JV deal could add to the buzz.

"News flow is expected to increase soon. Anadarko Petroleum, Rex Energy, Carrizo, Petroleum Development and QEP Resources are all due to report results from horizontal wells targeting the Niobrara between now and late January/mid-February. SM has recently completed its second well in Laramie county and NBL is also drilling its first wells in Wyoming. EOG has been monitoring well performance looking for more proof of matrix support and will provide an update in early 2011. Bill Barrett (NYSE:BBG) is testing the prospectivity of its acreage in the Wind River Basin. Continental Resources (NYSE:CLR) and Marathon Oil (NYSE:MRO) should spud their first wells soon."

Anadarko closed Thursday at $69.07, up $0.43, or 0.63 percent. Rex Energy closed at $12.35, up $0.25, or 2.07 percent. Carrizon ended the session at $30.31, up $1.21, or 4.16 percent. Petroleum Development was at $38.82, up $0.04, or 0.10 percent. QEP Resources ended the day at $37.29, up $0.08, or 0.22 percent.