About QEP Resources
QEP Resources, Inc. (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 a gas gathering system and an underground gas storage facility, and corporate activities (QEP Marketing and Other). The Company operates through QEP Energy segment. QEP Energy Company conducts exploration and production (E&P) activities in several of North America's hydrocarbon resource plays. 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. The Company's properties in its Northern Region include Pinedale, Williston Basin, Uinta Basin and Other Northern properties. Its Southern Region includes various properties, such as Permian Basin and Midcontinent operations.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Pipelines
- Sub-Industry: Oil & Gas Exploration & Production
- Exchange: NYSE
- Symbol: QEP
- CUSIP: 74733V10
- Previous Close: $16.87
- 50 Day Moving Average: $17.78
- 200 Day Moving Average: $18.28
- 52-Week Range: $9.17 - $21.12
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -29.09
- P/E Growth: -1.81
- Market Cap: $4.04B
- Outstanding Shares: 239,557,000
- Beta: 1.94
- Net Margins: -79.57%
- Return on Equity: -5.55%
- Return on Assets: -2.68%
Companies Related to QEP Resources:
- Debt-to-Equity Ratio: 0.56%
- Current Ratio: 3.26%
- Quick Ratio: 3.23%
What is QEP Resources' stock symbol?
QEP Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "QEP."
Where is QEP Resources' stock going? Where will QEP Resources' stock price be in 2017?
18 equities research analysts have issued 12 month price targets for QEP Resources' shares. Their predictions range from $12.00 to $33.00. On average, they expect QEP Resources' share price to reach $23.60 in the next twelve months.
When will QEP Resources announce their earnings?
QEP Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February, 22nd 2017.
What are analysts saying about QEP Resources stock?
Here are some recent quotes from research analysts about QEP Resources stock:
According to Zacks Investment Research, "With natural gas and oil prices remaining weak, QEP's core business – exploration and production – has been facing high degree of volatility. As a result, the company has been able to extract less value for its products. This, in turn, has adversely affected the group’s earnings and cash flows. QEP’s valuation has also been negatively impacted by its natural gas-heavy production mix. Additionally, the energy company's decision to suspend dividend due to market weakness has further contributed to negative outlook by the investors. To make matters worse, QEP halved its 2016 growth plans and plans to rapidly reduce its operating rig count. Given these headwinds, we see QEP as a risky bet that ordinary investors should exit." (10/19/2016)
Simmons analysts commented, "will deliver oil production growth of 8 percent above peers (CRZO, NFX, SM, WLL, WPX)." (6/15/2016)
Cantor Fitzgerald analysts commented, "Financials: Adj. EPS was $(0.01) vs. our/Street’s $(0.11)/$(0.11) estimates. Compared to us, weaker diffs and higher LOE were offset by lower prod’n taxes, DD&A, and G&A. CFPS was $1.51 vs. our/Street’s $1.27/$1.23 estimates. Production: 4Q prod’n was 152.2 mboed vs. our/Street’s 150.8/151.8 mboed estimates. NGLs drove the majority of the beat versus our model. Ops/Other: Continued success in infill/downspacing tests could provide initial signs that the Bakken is back, with potential to turn Williston into a stacked play once again (at least in QEP’s South Antelope). Current AFEs in the area are $6.0mm—18 months ago they were ~$12.0mm. The Permian wells look solid to us—lateral length is an important factor in comparison. QEP terminated its contracts between QEP Marketing & QEP Energy, effectively allowing the latter to market its own gas—we look for add’l details on the call. QEP added crude and gas hedges—we now estimate 35% of crude and 65% of gas is hedged in 2016. Although nominal, QEP suspended its $0.02 per quarter dividend. 2016 Guidance: QEP’s initial budget was set at $450-500mm (D&C down 50% y/y) vs. our/Street’s $600mm/$635mm. FY:16 prod’n guided to 137.0-149.8 mboed vs. our/Street’s 146.2/146.1 mboed estimates, so positive mix of less capital with the same prod’n, in our view. QEP is going from nine rigs at YE:15 to three-four by the second quarter, with one in each of the Williston, Permian, and Pinedale." (2/25/2016)
Who owns QEP Resources stock?
QEP Resources' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (3.49%), FMR LLC (2.63%), Caymus Capital Partners L.P. (1.93%), JVL Advisors L.L.C. (1.87%), Dimensional Fund Advisors LP (1.49%) and AQR Capital Management LLC (1.13%). Company insiders that own QEP Resources stock include Charles B Stanley and Christopher K Woosley.
Who sold QEP Resources stock? Who is selling QEP Resources stock?
QEP Resources' stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, AQR Capital Management LLC, State Street Corp, JVL Advisors L.L.C., Loomis Sayles & Co. L P, Boothbay Fund Management LLC, Teachers Retirement System of The State of Kentucky and Cipher Capital LP.
Who bought QEP Resources stock? Who is buying QEP Resources stock?
QEP Resources' stock was acquired by a variety of institutional investors in the last quarter, including Gallagher Fiduciary Advisors LLC, Renaissance Technologies LLC, Federated Investors Inc. PA, Frontier Capital Management Co. LLC, Investec Asset Management LTD, Russell Investments Group Ltd., FMR LLC and Caymus Capital Partners L.P..
How do I buy QEP Resources stock?
Shares of QEP Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of QEP Resources stock cost?
One share of QEP Resources stock can currently be purchased for approximately $16.87.