NYSE:QEP - QEP Resources Stock Price, News, & Analysis

QEP Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "QEP."

QEP Resources declared that its board has approved a stock buyback plan on Thursday, March 1st 2018, which authorizes the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

QEP Resources Inc (NYSE:QEP) announced its earnings results on Wednesday, April, 24th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.02) by $0.17. The pipeline company had revenue of $280.60 million for the quarter, compared to analyst estimates of $289.23 million. QEP Resources had a positive return on equity of 1.91% and a negative net margin of 60.23%. The company's quarterly revenue was down 34.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.20) earnings per share. View QEP Resources' Earnings History.

QEP Resources is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for QEP Resources.

14 brokerages have issued twelve-month price objectives for QEP Resources' stock. Their predictions range from $8.00 to $15.00. On average, they anticipate QEP Resources' share price to reach $12.00 in the next twelve months. This suggests a possible upside of 68.8% from the stock's current price. View Analyst Price Targets for QEP Resources.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QEP Resources in the last year. There are currently 1 sell rating, 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for QEP Resources.

Media coverage about QEP stock has trended positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. QEP Resources earned a news impact score of 2.3 on InfoTrie's scale. They also assigned headlines about the pipeline company a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the stock's share price in the near term. View News Stories for QEP Resources.

QEP Resources saw a decrease in short interest in May. As of May 15th, there was short interest totalling 13,710,800 shares, a decrease of 6.1% from the April 15th total of 14,599,300 shares. Based on an average daily trading volume, of 4,010,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 5.8% of the shares of the stock are sold short. View QEP Resources' Current Options Chain.

Some companies that are related to QEP Resources include Cimarex Energy (XEC), WPX Energy (WPX), Murphy Oil (MUR), Viper Energy Partners (VNOM), EQT (EQT), Vermilion Energy (VET), Black Stone Minerals (BSM), Chesapeake Energy (CHK), Eclipse Resources (ECR), Magnolia Oil & Gas (MGY), Kosmos Energy (KOS), PDC Energy (PDCE), Matador Resources (MTDR), DELEK GRP LTD/ADR (DGRLY) and Centennial Resource Development (CDEV).

Based on aggregate information from My MarketBeat watchlists, some companies that other QEP Resources investors own include Energy Transfer LP Unit (ET), Cornerstone Total Return Fund (CRF), CBL & Associates Properties (CBL), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Ford Motor (F), Government Properties Income Trust (GOV), Centurylink (CTL) and Oasis Petroleum (OAS).

QEP Resources' stock is owned by a number of of institutional and retail investors. Top institutional investors include Oslo Asset Management AS (2.94%), Vaughan Nelson Investment Management L.P. (1.26%), Alpine Associates Management Inc. (1.01%), FMR LLC (0.95%), Pinnacle Associates Ltd. (0.77%) and Schneider Capital Management Corp (0.57%). Company insiders that own QEP Resources stock include David A Trice, Julie Dill and Richard J Doleshek. View Institutional Ownership Trends for QEP Resources.

QEP stock was sold by a variety of institutional investors in the last quarter, including Schneider Capital Management Corp, Vaughan Nelson Investment Management L.P., Creative Planning, First Trust Advisors LP, James Investment Research Inc., Wedge Capital Management L L P NC, Marshall Wace North America L.P. and Dupont Capital Management Corp. View Insider Buying and Selling for QEP Resources.

QEP stock was bought by a variety of institutional investors in the last quarter, including Alpine Associates Management Inc., Oslo Asset Management AS, JPMorgan Chase & Co., Connor Clark & Lunn Investment Management Ltd., TT International, Marshall Wace LLP, SG Americas Securities LLC and Mercer Global Advisors Inc. ADV. Company insiders that have bought QEP Resources stock in the last two years include David A Trice, Julie Dill and Richard J Doleshek. View Insider Buying and Selling for QEP Resources.

Shares of QEP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of QEP stock can currently be purchased for approximately $7.11.

QEP Resources has a market capitalization of $1.69 billion and generates $1.93 billion in revenue each year. The pipeline company earns $-1,011,600,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis. QEP Resources employs 465 workers across the globe.View Additional Information About QEP Resources.

The official website for QEP Resources is http://www.qepres.com/.

QEP Resources' mailing address is 1050 17TH STREET SUITE 800, DENVER CO, 80265. The pipeline company can be reached via phone at 303-672-6900 or via email at [email protected]