QEP Resources, Inc., through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado. As of December 31, 2017, it had estimated proved reserves of 684.7 MMboe. The company sells its gas, oil, and natural gas liquids (NGL) to various customers, including wholesale marketers, industrial users, local distribution companies, utilities, and other companies. In addition, it operates an underground gas storage facility. QEP Resources, Inc. is headquartered in Denver, Colorado.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:QEP
CUSIP74733V10
Phone303-672-6900
Debt
Debt-to-Equity Ratio0.79
Current Ratio0.34
Quick Ratio0.34
Price-To-Earnings
Trailing P/E Ratio14.17
Forward P/E Ratio-90.83
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.62 billion
Price / Sales1.59
Cash Flow$4.0520 per share
Price / Cash2.69
Book Value$15.76 per share
Price / Book0.69
Profitability
EPS (Most Recent Fiscal Year)$0.77
Net Income$269.30 million
Net Margins-13.63%
Return on Equity5.96%
Return on Assets2.91%
Miscellaneous
Employees656
Outstanding Shares236,980,000
Market Cap$2.50 billion
QEP Resources (NYSE:QEP) Frequently Asked Questions
What is QEP Resources' stock symbol?
QEP Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "QEP."
How will QEP Resources' stock buyback program work?
QEP Resources announced that its board has initiated a stock repurchase program on Thursday, March 1st 2018, which allows the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.
How were QEP Resources' earnings last quarter?
QEP Resources Inc (NYSE:QEP) released its quarterly earnings data on Wednesday, July, 25th. The pipeline company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.12) by $0.18. The pipeline company earned $532.40 million during the quarter, compared to analysts' expectations of $434.12 million. QEP Resources had a negative net margin of 13.63% and a positive return on equity of 5.96%. The business's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) earnings per share. View QEP Resources' Earnings History.
When is QEP Resources' next earnings date?
What price target have analysts set for QEP?
14 analysts have issued twelve-month target prices for QEP Resources' shares. Their forecasts range from $9.00 to $19.00. On average, they expect QEP Resources' stock price to reach $13.4038 in the next twelve months. This suggests a possible upside of 23.0% from the stock's current price. View Analyst Price Targets for QEP Resources.
What is the consensus analysts' recommendation 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, 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for QEP Resources.
Who are some of QEP Resources' key competitors?
Some companies that are related to QEP Resources include Cabot Oil & Gas (COG), Parsley Energy (PE), Cimarex Energy (XEC), RSP Permian (RSPP), Energen (EGN), WPX Energy (WPX), Antero Resources (AR), Centennial Resource Development (CDEV), Newfield Exploration (NFX), Murphy Oil (MUR), Viper Energy Partners (VNOM), Vermilion Energy (VET), Whiting Petroleum (WLL), Range Resources (RRC) and Oasis Petroleum (OAS).
Who are QEP Resources' key executives?
QEP Resources' management team includes the folowing people:
- Mr. Charles B. Stanley, Chairman, Pres & CEO (Age 59)
- Mr. Richard J. Doleshek, Exec. VP & CFO (Age 60)
- Mr. Christopher K. Woosley, Sr. VP & Gen. Counsel (Age 48)
- Mr. Jim E. Torgerson, Exec. VP of QEP Energy (Age 54)
- Ms. Alice B. Ley, VP, Controller & Chief Accounting Officer (Age 44)
Has QEP Resources been receiving favorable news coverage?
Media headlines about QEP stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. QEP Resources earned a daily sentiment score of 0.18 on Accern's scale. They also assigned news coverage about the pipeline company an impact score of 46.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for QEP Resources.
Who are QEP Resources' major shareholders?
QEP Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.65%), Dimensional Fund Advisors LP (6.43%), Bank of New York Mellon Corp (1.63%), Bank of New York Mellon Corp (1.63%), Vaughan Nelson Investment Management L.P. (1.58%) and Frontier Capital Management Co. LLC (1.23%). 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.
Which major investors are selling QEP Resources stock?
QEP stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Bank of Nova Scotia, Nomura Holdings Inc., Bank of America Corp DE, Aristotle Capital Boston LLC, Caymus Capital Partners L.P., BlackRock Inc. and Vaughan Nelson Investment Management L.P.. View Insider Buying and Selling for QEP Resources.
Which major investors are buying QEP Resources stock?
QEP stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Pinnacle Associates Ltd., FMR LLC, Wells Fargo & Company MN, First Trust Advisors LP, James Investment Research Inc., Signition LP and Boston Partners. 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.
How do I buy shares of 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.
What is QEP Resources' stock price today?
One share of QEP stock can currently be purchased for approximately $10.90.
How big of a company is QEP Resources?
QEP Resources has a market capitalization of $2.50 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.
How can I contact QEP Resources?
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]
MarketBeat Community Rating for QEP Resources (NYSE QEP)
MarketBeat's community ratings are surveys of what our community members think about QEP Resources and other stocks. Vote "Outperform" if you believe QEP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe QEP will underperform the S&P 500 over the long term. You may vote once every thirty days.
