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

QEP Resources Inc (NYSE:QEP) released its quarterly earnings data on Wednesday, November, 7th. The pipeline company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.18. The pipeline company had revenue of $560.80 million for 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 company's quarterly revenue was up 43.8% on a year-over-year basis. During the same period in the previous year, the company 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 analysts have issued 1 year target prices for QEP Resources' stock. Their forecasts range from $8.00 to $19.00. On average, they anticipate QEP Resources' stock 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 trended somewhat negative on Monday, InfoTrie Sentiment reports. The research firm ranks the sentiment of 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 closest to five being the most favorable. QEP Resources earned a news impact score of -1.4 on InfoTrie's scale. They also gave news stories about the pipeline company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.

QEP Resources saw a increase in short interest in 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 daily trading volume, of 8,150,037 shares, the short-interest ratio is currently 3.5 days. Approximately 12.1% of the company's 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 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 bought 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 $2.13 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.

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]