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

QEP Resources Inc (NYSE:QEP) issued its quarterly earnings data on Wednesday, February, 20th. The pipeline company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.15. The pipeline company had revenue of $410.50 million for the quarter, compared to analysts' expectations of $434.58 million. QEP Resources had a negative return on equity of 0.69% and a negative net margin of 52.34%. The firm's revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.13 earnings per share. View QEP Resources' Earnings History.

QEP Resources is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for QEP Resources.

16 brokers have issued twelve-month price targets for QEP Resources' shares. Their forecasts range from $8.00 to $19.00. On average, they anticipate QEP Resources' share price to reach $13.3269 in the next year. This suggests a possible upside of 67.4% 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 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for QEP Resources.

Press coverage about QEP stock has been trending positive on Friday, according to InfoTrie Sentiment. The research firm identifies positive and negative 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 media sentiment score of 2.7 on InfoTrie's scale. They also gave news stories about the pipeline company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.

QEP Resources saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 19,217,006 shares, a drop of 32.5% from the December 31st total of 28,473,145 shares. Based on an average trading volume of 13,513,494 shares, the days-to-cover ratio is currently 1.4 days. Currently, 8.2% of the company's shares 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), Murphy Oil (MUR), EQT (EQT), Viper Energy Partners (VNOM), Vermilion Energy (VET), Black Stone Minerals (BSM), Newfield Exploration (NFX), Centennial Resource Development (CDEV), Magnolia Oil & Gas (MGY), Antero Resources (AR) and ARC Resources (AETUF).

Based on aggregate information from My MarketBeat watchlists, some companies that other QEP Resources investors own include Energy Transfer LP Unit (ET), Alibaba Group (BABA), Range Resources (RRC), Bank of America (BAC), AT&T (T), Caterpillar (CAT), Tesla (TSLA), Schlumberger (SLB), Anadarko Petroleum (APC) and Chesapeake Energy (CHK).

QEP Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.04%), Dimensional Fund Advisors LP (7.63%), D. E. Shaw & Co. Inc. (3.32%), Oslo Asset Management AS (2.60%), Hsbc Holdings PLC (2.51%) and Bank of New York Mellon Corp (1.61%). 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 D. E. Shaw & Co. Inc., Bank of Nova Scotia, Wedge Capital Management L L P NC, Bank of America Corp DE, Walthausen & Co. LLC, First Trust Advisors LP, Bank of New York Mellon Corp and Comerica Bank. View Insider Buying and Selling for QEP Resources.

QEP stock was purchased by a variety of institutional investors in the last quarter, including Hsbc Holdings PLC, Oslo Asset Management AS, Two Sigma Investments LP, Nomura Holdings Inc., Dimensional Fund Advisors LP, BlackRock Inc., Perella Weinberg Partners Capital Management LP and Oregon Public Employees Retirement Fund. 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 $7.96.

QEP Resources has a market capitalization of $1.88 billion and generates $1.93 billion in revenue each year. The pipeline company earns $269.30 million in net income (profit) each year or ($0.17) 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]