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
Current SymbolNYSE:QEP
Previous Symbol
CUSIP74733V10
Phone303-672-6900
Debt
Debt-to-Equity Ratio0.73
Current Ratio0.35
Quick Ratio0.35
Price-To-Earnings
Trailing P/E Ratio9.51
Forward P/E Ratio104.57
P/E Growth8.8
Sales & Book Value
Annual Sales$1.62 billion
Price / Sales1.07
Cash Flow$4.00 per share
Price / Cash Flow1.83
Book Value$15.76 per share
Price / Book0.46
Profitability
EPS (Most Recent Fiscal Year)$0.77
Net Income$269.30 million
Net Margins-11.89%
Return on Equity7.86%
Return on Assets3.78%
Miscellaneous
Employees656
Outstanding Shares236,770,000
Market Cap$1.70 billion
OptionableOptionable
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 of Directors has approved a stock repurchase plan 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 reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.
How were QEP Resources' earnings last quarter?
QEP Resources Inc (NYSE:QEP) announced its quarterly earnings data on Wednesday, November, 7th. The pipeline company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates 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 negative net margin of 11.89% and a positive return on equity of 7.86%. 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) earnings per share. View QEP Resources' Earnings History.
When is QEP Resources' next earnings date?
What price target have analysts set for QEP?
16 analysts have issued 12 month price targets for QEP Resources' stock. Their predictions range from $8.00 to $19.00. On average, they expect QEP Resources' share price to reach $13.3750 in the next year. This suggests a possible upside of 82.7% from the stock's current price. View Analyst Price Targets for QEP Resources.
What is the consensus analysts' recommendation for QEP Resources?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QEP Resources in the last year. There are currently 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for QEP Resources.
Has QEP Resources been receiving favorable news coverage?
Media headlines about QEP stock have been trending somewhat positive recently, InfoTrie reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. QEP Resources earned a coverage optimism score of 2.0 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 press coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Who are some of QEP Resources' key competitors?
Some companies that are related to QEP Resources include Encana (ECA), Parsley Energy (PE), WPX Energy (WPX), EQT (EQT), Murphy Oil (MUR), Antero Resources (AR), Centennial Resource Development (CDEV), Viper Energy Partners (VNOM), Vermilion Energy (VET), Black Stone Minerals (BSM), Range Resources (RRC), Newfield Exploration (NFX), Magnolia Oil & Gas (MGY), Whiting Petroleum (WLL) and CNX Resources (CNX).
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)
Who are QEP Resources' major shareholders?
QEP Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include Credit Suisse AG (9.11%), Vanguard Group Inc. (9.05%), BlackRock Inc. (8.73%), Dimensional Fund Advisors LP (7.29%), Alliancebernstein L.P. (4.92%) and Bank of New York Mellon Corp (1.70%). 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 AQR Capital Management LLC, Morgan Stanley, Key Group Holdings Cayman LTD., Wilks Brothers LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., First Trust Advisors LP and Schroder Investment Management Group. 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, Hsbc Holdings PLC, Alliancebernstein L.P., Walthausen & Co. LLC, Schneider Capital Management Corp, Wells Fargo & Company MN, FMR LLC and Oslo Asset Management AS. 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 $7.32.
How big of a company is QEP Resources?
QEP Resources has a market capitalization of $1.70 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.
What is QEP Resources' official website?
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.
