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 initiated a share buyback plan on Thursday, March 1st 2018, which allows the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

QEP Resources Inc (NYSE:QEP) announced its quarterly earnings results on Wednesday, November, 7th. The pipeline company reported $0.17 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.18. The pipeline company earned $560.80 million during the quarter, compared to analysts' expectations of $497.45 million. QEP Resources had a positive return on equity of 7.86% and a negative net margin of 11.89%. The business's revenue was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.10) EPS. 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 brokerages have issued 1 year price objectives for QEP Resources' stock. Their forecasts range from $8.00 to $19.00. On average, they expect QEP Resources' stock price to reach $13.25 in the next twelve months. This suggests a possible upside of 53.5% 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.

News headlines about QEP stock have trended very positive on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. QEP Resources earned a coverage optimism score of 3.2 on InfoTrie's scale. They also gave media coverage about the pipeline company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

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 short-interest ratio is presently 3.5 days. Currently, 12.1% of the shares of the stock are short sold. 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), Viper Energy Partners (VNOM), Vermilion Energy (VET), Newfield Exploration (NFX), Antero Resources (AR), Black Stone Minerals (BSM), Magnolia Oil & Gas (MGY) and Range Resources (RRC).

QEP Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include Thompson Rubinstein Investment Management Inc. OR (0.12%), James Investment Research Inc. (0.08%), Bank of Montreal Can (0.06%), Louisiana State Employees Retirement System (0.03%), Oakbrook Investments LLC (0.01%) and Virtu Financial LLC (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, James Investment Research Inc., E&G Advisors LP, Oakbrook Investments LLC and Louisiana State Employees Retirement System. View Insider Buying and Selling for QEP Resources.

QEP stock was purchased by a variety of institutional investors in the last quarter, including Virtu Financial LLC and Bank of Montreal Can. 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 $8.63.

QEP Resources has a market capitalization of $2.04 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]