NYSE:QEP - Qep Resources Stock Price, Price Target & More

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

Qep Resources declared that its Board of Directors has approved a share 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 repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Qep Resources (NYSE:QEP) issued its quarterly earnings data on Wednesday, April, 25th. The pipeline company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by $0.01. The pipeline company had revenue of $428.90 million for the quarter, compared to analysts' expectations of $369.94 million. Qep Resources had a return on equity of 4.66% and a net margin of 8.51%. The firm's revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.14) earnings per share. View Qep Resources' Earnings History.

Qep Resources is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for Qep Resources.

16 brokers have issued twelve-month price targets for Qep Resources' shares. Their forecasts range from $9.00 to $19.00. On average, they anticipate Qep Resources' share price to reach $12.7333 in the next year. View Analyst Ratings for Qep Resources.

Qep Resources saw a drop in short interest in the month of April. As of April 30th, there was short interest totalling 16,931,061 shares, a drop of 16.5% from the April 13th total of 20,283,932 shares. Based on an average daily volume of 5,952,002 shares, the short-interest ratio is currently 2.8 days. Approximately 7.2% of the shares of the stock are short sold.

Some companies that are related to Qep Resources include Cabot Oil & Gas (COG), Parsley Energy (PE), Cimarex Energy (XEC), RSP Permian (RSPP), WPX Energy (WPX), Energen (EGN), Antero Resources (AR), Newfield Exploration (NFX), Murphy Oil (MUR), Centennial Resource Dev (CDEV), Crescent Point Energy (CPG), Whiting Petroleum (WLL), Vermilion Energy (VET), PDC Energy (PDCE) and Chesapeake Energy (CHK).

Media coverage about QEP stock has trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Qep Resources earned a media sentiment score of 0.15 on Accern's scale. They also assigned headlines about the pipeline company an impact score of 46.05 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Qep Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.93%), Dimensional Fund Advisors LP (5.71%), Vaughan Nelson Investment Management L.P. (1.87%), Talara Capital Management LLC (1.70%), Millennium Management LLC (1.30%) and Frontier Capital Management Co. LLC (1.27%). Company insiders that own Qep Resources stock include Charles B Stanley, David A Trice, Julie Dill, Phillips S Baker Jr 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 Prudential Financial Inc., Millennium Management LLC, Schroder Investment Management Group, Caymus Capital Partners L.P., Glen Harbor Capital Management LLC, Nokomis Capital L.L.C., Wedge Capital Management L L P NC and SG Americas Securities LLC. View Insider Buying and Selling for Qep Resources.

QEP stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Talara Capital Management LLC, Hsbc Holdings PLC, UBS Group AG, Caisse DE Depot ET Placement DU Quebec, Seven Eight Capital LP, WINTON GROUP Ltd and JPMorgan Chase & Co.. Company insiders that have bought Qep Resources stock in the last two years include Charles B Stanley, David A Trice, Julie Dill, Phillips S Baker Jr 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 $13.10.

Qep Resources has a market capitalization of $3.13 billion and generates $1.62 billion in revenue each year. The pipeline company earns $269.30 million in net income (profit) each year or $0.77 on an earnings per share basis. Qep Resources employs 656 workers across the globe.

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]