October 24, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of QEP Resources Inc (NYSE:QEP) shares was announced over potential breaches of fiduciary duties by certain officers and directors at QEP Resources.

The investigation by a law firm concerns whether certain QEP Resources officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

QEP Resources Inc reported that its annual Total Revenue declined from over $3.15 billion in 2011 to over $2.34 billion in 2012 and that its respective Net Income declined from $267.20 million to $128.30 million.Shares of QEP Resources Inc (NYSE:QEP) declined from as high as $44.68 per share in July 2011 to as low as $27.32 per share in August 2013.

Since then, QEP Resources Inc reported that its annual Total Revenue rose to over $2.93 billion in 2013 from over $2.34 billion in 2012 and that its Net Income increased to $159.40 million in 2013 , from $128.30 million in 2012. Shares of QEP Resources Inc (NYSE:QEP) increased to as high as $35.57 per share in August 2014. However, since August 2014 NYSEQEP shares declined significantly to as low as $21.48 per share.