NYSE:QEP - QEP Resources Stock Price, Price Target & More

QEP Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "QEP."

QEP Resources announced that its board has approved a stock buyback program on Thursday, March 1st 2018, which authorizes the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

QEP Resources Inc (NYSE:QEP) posted its quarterly earnings results on Wednesday, April, 25th. The pipeline company reported ($0.20) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.19) by $0.01. The pipeline company earned $428.90 million during the quarter, compared to the consensus estimate of $369.94 million. QEP Resources had a return on equity of 4.66% and a net margin of 8.51%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) earnings per share. View QEP Resources' Earnings History.

QEP Resources is scheduled to release their next quarterly earnings announcement on Wednesday, July, 25th 2018. View Earnings Estimates for QEP Resources.

15 Wall Street analysts have issued 1-year target prices for QEP Resources' stock. Their forecasts range from $9.00 to $19.00. On average, they anticipate QEP Resources' stock price to reach $12.8833 in the next year. This suggests a possible upside of 4.7% from the stock's current price. View Analyst Ratings for QEP Resources.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QEP Resources in the last year. There are currently 1 sell rating, 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to QEP Resources include Cabot Oil & Gas (COG), Parsley Energy (PE), Cimarex Energy (XEC), RSP Permian (RSPP), WPX Energy (WPX), Energen (EGN), Antero Resources (AR), Newfield Exploration (NFX), Murphy Oil (MUR), Vermilion Energy (VET), Centennial Resource Development (CDEV), Whiting Petroleum (WLL), Chesapeake Energy (CHK), Crescent Point Energy (CPG) and PDC Energy (PDCE).

News articles about QEP stock have been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. QEP Resources earned a news sentiment score of 0.32 on Accern's scale. They also assigned news stories about the pipeline company an impact score of 46.79 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

QEP Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include Thompson Rubinstein Investment Management Inc. OR (0.14%), Bank of Montreal Can (0.07%) and State of Alaska Department of Revenue (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 Bank of Montreal Can. View Insider Buying and Selling for QEP Resources.

QEP stock was acquired by a variety of institutional investors in the last quarter, including Thompson Rubinstein Investment Management Inc. OR and State of Alaska Department of Revenue. 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 $12.31.

QEP Resources has a market capitalization of $3.03 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.

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]