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 share repurchase program on Thursday, March 1st 2018, which allows the company to repurchase $1,250,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

QEP Resources Inc (NYSE:QEP) released its quarterly earnings data on Wednesday, November, 7th. The pipeline company reported $0.17 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.01) by $0.18. The pipeline company earned $560.80 million during the quarter, compared to analyst estimates of $497.45 million. QEP Resources had a negative net margin of 11.89% and a positive return on equity of 7.86%. QEP Resources's quarterly revenue was up 43.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) earnings per share. View QEP Resources' Earnings History.

QEP Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for QEP Resources.

16 Wall Street analysts have issued 12-month target prices for QEP Resources' stock. Their predictions range from $8.00 to $19.00. On average, they expect QEP Resources' share price to reach $13.25 in the next year. This suggests a possible upside of 47.2% from the stock's current price. View Analyst Price Targets for QEP Resources.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QEP Resources in the last year. There are currently 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for QEP Resources.

Headlines about QEP stock have been trending somewhat negative this week, InfoTrie reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. QEP Resources earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned press coverage about the pipeline company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.

QEP Resources saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 28,473,145 shares, an increase of 66.3% from the December 14th total of 17,119,562 shares. Based on an average trading volume of 8,150,037 shares, the days-to-cover ratio is currently 3.5 days. Approximately 12.1% of the company's stock are sold short. View QEP Resources' Current Options Chain.

Some companies that are related to QEP Resources include Cimarex Energy (XEC), Energen (EGN), Encana (ECA), Parsley Energy (PE), WPX Energy (WPX), EQT (EQT), Murphy Oil (MUR), Centennial Resource Development (CDEV), Vermilion Energy (VET), Viper Energy Partners (VNOM), Newfield Exploration (NFX), Antero Resources (AR), Black Stone Minerals (BSM), Magnolia Oil & Gas (MGY) and Range Resources (RRC).

QEP Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include Thompson Rubinstein Investment Management Inc. OR (0.12%), Louisiana State Employees Retirement System (0.03%), Oakbrook Investments LLC (0.01%), Virtu Financial LLC (0.01%) and E&G Advisors LP (0.01%). Company insiders that own QEP Resources stock include 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 Thompson Rubinstein Investment Management Inc. OR, E&G Advisors LP, Oakbrook Investments LLC and Louisiana State Employees Retirement System. View Insider Buying and Selling for QEP Resources.

QEP stock was acquired by a variety of institutional investors in the last quarter, including Virtu Financial LLC. Company insiders that have bought QEP Resources stock in the last two years include 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 $9.00.

QEP Resources has a market capitalization of $2.06 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.

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]