About QEP Resources (NYSE:QEP)
QEP Resources, Inc. is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America's hydrocarbon resource plays. The Company has an inventory of developed and undeveloped drilling locations in the Permian Basin in western Texas, the Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, the Uinta Basin in eastern Utah and other properties in Wyoming, Utah and Colorado. It sells gas volumes to wholesale marketers, industrial users, local distribution companies and utilities. It sells oil and natural gas liquid (NGL) volumes to refiners, marketers and other companies.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Integrated Oil & Gas
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NYSE:QEP
- CUSIP: 74733V10
- Web: www.qepres.com
- Market Cap: $1.99901 billion
- Outstanding Shares: 240,555,000
- 50 Day Moving Avg: $8.31
- 200 Day Moving Avg: $9.40
- 52 Week Range: $7.02 - $21.12
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -23.74
- P/E Growth: -0.79
- Annual Revenue: $1.59 billion
- Price / Sales: 1.26
- Book Value: $15.11 per share
- Price / Book: 0.55
- EBITDA: $822.6 million
- Net Margins: -3.90%
- Return on Equity: -4.24%
- Return on Assets: -2.10%
- Debt-to-Equity Ratio: 0.52%
- Current Ratio: 0.82%
- Quick Ratio: 0.80%
- Average Volume: 5.75 million shs.
- Beta: 1.71
- Short Ratio: 3.27
Frequently Asked Questions for QEP Resources (NYSE:QEP)
What is QEP Resources' stock symbol?
QEP Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "QEP."
How were QEP Resources' earnings last quarter?
QEP Resources, Inc. (NYSE:QEP) announced its earnings results on Wednesday, July, 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.20) by $0.08. The company had revenue of $383.70 million for the quarter, compared to analyst estimates of $413.27 million. QEP Resources had a negative return on equity of 4.24% and a negative net margin of 3.90%. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.23) EPS. View QEP Resources' Earnings History.
When will QEP Resources make its next earnings announcement?
Where is QEP Resources' stock going? Where will QEP Resources' stock price be in 2017?
15 brokers have issued 1 year target prices for QEP Resources' stock. Their predictions range from $9.00 to $33.00. On average, they expect QEP Resources' share price to reach $15.00 in the next twelve months. View Analyst Ratings for QEP Resources.
Are investors shorting QEP Resources?
QEP Resources saw a decline in short interest in the month of September. As of September 29th, there was short interest totalling 13,423,643 shares, a decline of 24.9% from the September 15th total of 17,868,641 shares. Based on an average daily trading volume, of 7,479,221 shares, the days-to-cover ratio is currently 1.8 days. Approximately 5.6% of the shares of the stock are sold short.
Who are some of QEP Resources' key competitors?
Some companies that are related to QEP Resources include Crescent Point Energy Corporation (CPG), Transocean (RIG), Boardwalk Pipeline Partners L.P. (BWP), TC PipeLines, LP (TCP), CONSOL Energy (CNX), Sunoco LP (SUN), Weatherford International PLC (WFT), Black Stone Minerals, L.P. (BSM), Tallgrass Energy Partners, LP (TEP), Transportadora De Gas Sa Ord B (TGS), Ormat Technologies (ORA), Nustar Energy L.P. (NS), Plains Group Holdings, L.P. (PAGP), PDC Energy (PDCE), PBF Energy (PBF), Peabody Energy (BTU), EnLink Midstream, LLC (ENLC) and Genesis Energy, L.P. (GEL).
Who are QEP Resources' key executives?
QEP Resources' management team includes the folowing people:
- Charles B. Stanley, Chairman of the Board, President, Chief Executive Officer
- Richard J. Doleshek, Chief Financial Officer, Executive Vice President
- Jim E. Torgerson, Executive Vice President
- Alice B. Ley, Chief Accounting Officer, Vice President, Controller
- Christopher K. Woosley, Vice President, General Counsel and Corporate Secretary
- Margo D. Fiala, Vice President - Human Resources
- Myles W. Scoggins, Lead Independent Director
- Phillips S. Baker Jr., Independent Director
- Julie A. Dill, Independent Director
- Robert F. Heinemann, Independent Director
Who owns QEP Resources stock?
QEP Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include
INTEGRATED CORE STRATEGIES (US) LLC
(5.10%), Mutual of America Capital Management LLC (0.08%), Quantitative Systematic Strategies LLC (0.08%), State Treasurer State of Michigan (0.04%) and Shell Asset Management Co. (0.01%). Company insiders that own QEP Resources stock include Charles B Stanley, Christopher K Woosley, David A Trice, Julie Dill, Phillips S Baker Jr and Richard J Doleshek. View Institutional Ownership Trends for QEP Resources.
Who sold QEP Resources stock? Who is selling QEP Resources stock?
Who bought QEP Resources stock? Who is buying QEP Resources stock?
QEP Resources' stock was bought by a variety of institutional investors in the last quarter, including Shell Asset Management Co., Quantitative Systematic Strategies LLC and Mutual of America Capital Management LLC. Company insiders that have bought QEP Resources stock in the last two years include Charles B Stanley, 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 QEP Resources stock?
Shares of QEP Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is QEP Resources' stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of QEP Resources stock can currently be purchased for approximately $8.31.
Consensus Ratings for QEP Resources (NYSE:QEP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||5 Hold Ratings, 9 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 2.73)|
|Consensus Price Target: ||$15.00 (80.51% upside)|Consensus Price Target History for QEP Resources (NYSE:QEP)
Analysts' Ratings History for QEP Resources (NYSE:QEP)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/22/2017||Piper Jaffray Companies||Reiterated Rating||Buy||$12.00||N/A|
|10/11/2017||Barclays PLC||Boost Price Target||Overweight||$8.00 -> $9.00||N/A|
|10/10/2017||BMO Capital Markets||Set Price Target||Buy||$11.00||N/A|
|9/27/2017||KLR Group||Reiterated Rating||Buy||$15.00 -> $14.00||Medium|
|9/26/2017||Stifel Nicolaus||Lower Price Target||Buy -> Buy||$26.00 -> $23.00||High|
|8/25/2017||Cowen and Company||Set Price Target||Buy||$12.00||Medium|
|7/31/2017||National Securities||Initiated Coverage||Buy||$11.00||Medium|
|7/27/2017||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$11.00 -> $9.00||High|
|7/18/2017||Deutsche Bank AG||Downgrade||Buy -> Hold||$18.00 -> $13.00||High|
|6/15/2017||Wolfe Research||Initiated Coverage||Market Perform||High|
|6/1/2017||Credit Suisse Group||Initiated Coverage||Neutral -> Neutral||$15.00||High|
|4/15/2017||FBR & Co||Set Price Target||Buy||$24.00 -> $20.00||Low|
|3/21/2017||Mizuho||Downgrade||Buy -> Neutral||$13.00||High|
|2/10/2017||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||N/A|
|1/12/2017||Scotiabank||Upgrade||Outperform -> Focus Stock||$31.00 -> $33.00||N/A|
|10/7/2016||Evercore ISI||Initiated Coverage||Hold||$22.00||N/A|
|10/6/2016||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||$21.00||N/A|
|6/22/2016||Cantor Fitzgerald||Reiterated Rating||Buy||N/A|
|6/22/2016||Drexel Hamilton||Reiterated Rating||Buy||$33.00||N/A|
|6/15/2016||Simmons||Upgrade||Neutral -> Overweight||$20.00 -> $24.00||N/A|
|5/16/2016||Sterne Agee CRT||Reiterated Rating||Buy||N/A|
|4/29/2016||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$27.00||N/A|
|2/29/2016||SunTrust Banks, Inc.||Lower Price Target||Neutral||$12.00||N/A|
Earnings History for QEP Resources (NYSE:QEP)Earnings History by Quarter for QEP Resources (NYSE QEP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||($0.20)||($0.12)||$413.27 million||$383.70 million||View||N/A|
|4/26/2017||Q1 2017||($0.21)||($0.14)||$402.16 million||$420.10 million||View||N/A|
|2/22/2017||Q4 2016||($0.22)||($0.15)||$395.90 million||$399.70 million||View||Listen|
|10/26/2016||Q3||($0.24)||($0.21)||$359.53 million||$382.40 million||View||Listen|
|7/27/2016||Q2||($0.35)||($0.23)||$362.17 million||$333.70 million||View||Listen|
|4/27/2016||Q116||($0.60)||($0.53)||$393.22 million||$261.30 million||View||Listen|
|2/24/2016||Q4||($0.12)||($0.01)||$595.37 million||$468.30 million||View||Listen|
|10/28/2015||Q315||($0.10)||$0.01||$606.86 million||$536.70 million||View||Listen|
|8/3/2015||Q215||($0.10)||$0.09||$535.05 million||$608.60 million||View||N/A|
|4/29/2015||Q115||($0.30)||($0.05)||$650.40 million||$491.60 million||View||N/A|
|2/24/2015||Q414||$0.24||$0.22||$848.37 million||$799.60 million||View||N/A|
|11/5/2014||Q314||$0.26||$0.41||$755.90 million||$910.00 million||View||Listen|
|8/6/2014||Q214||$0.33||$0.38||$766.76 million||$936.70 million||View||Listen|
|5/8/2014||Q114||$0.25||$0.38||$689.47 million||$883.90 million||View||Listen|
|2/25/2014||Q413||$0.23||$0.17||$821.40 million||$715.00 million||View||Listen|
|11/6/2013||Q313||$0.39||$0.36||$795.37 million||$772.80 million||View||Listen|
|7/31/2013||Q2 2013||$0.35||$0.34||$823.93 million||$751.00 million||View||Listen|
|4/30/2013||Q1 2013||$0.30||$0.28||$785.62 million||$696.50 million||View||Listen|
|2/19/2013||Q4 2012||$0.31||$0.33||$674.39 million||View||Listen|
|10/30/2012||Q312||$0.35||$0.19||$619.20 million||$542.40 million||View||N/A|
Earnings Estimates for QEP Resources (NYSE:QEP)
2017 EPS Consensus Estimate: ($0.78)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for QEP Resources (NYSE:QEP)
|Most Recent Dividend:||12/7/2015|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend History by Quarter for QEP Resources (NYSE QEP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for QEP Resources (NYSE:QEP)
Insider Ownership Percentage: 1.36%Insider Trades by Quarter for QEP Resources (NYSE:QEP)
Institutional Ownership Percentage: 93.21%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/17/2017||David A Trice||Director||Buy||25,000||$7.20||$180,000.00|| |
|7/28/2017||Julie Dill||Director||Buy||5,000||$8.49||$42,450.00|| |
|7/28/2017||Richard J Doleshek||CFO||Buy||12,500||$7.91||$98,875.00|| |
|2/24/2017||Phillips S Baker Jr||Director||Buy||7,000||$14.21||$99,470.00|| |
|6/30/2016||Charles B. Stanley||CEO||Buy||16,763||$17.85||$299,219.55|| |
|3/8/2016||Christopher K Woosley||VP||Sell||1,717||$10.24||$17,582.08|| |
|11/14/2014||David A Trice||Director||Buy||5,000||$23.83||$119,150.00|| |
|4/17/2014||Abigail Jones||VP||Sell||4,154||$32.00||$132,928.00|| |
|4/3/2014||Abigail Jones||VP||Sell||4,154||$31.00||$128,774.00|| |
|4/1/2014||Abigail Jones||VP||Sell||4,154||$30.00||$124,620.00|| |
|3/17/2014||David Trice||Director||Buy||2,500||$28.40||$71,000.00|| |
|2/28/2014||Thomas Oconnor||Director||Buy||5,000||$28.91||$144,550.00|| |
|11/6/2013||Abigail Jones||VP||Sell||3,300||$32.00||$105,600.00|| |
|9/6/2013||Kendall K Carbone||VP||Sell||1,654||$28.59||$47,287.86|| |
|11/14/2012||Keith O Rattie||Director||Sell||23,000||$28.13||$646,990.00|| |
|10/5/2012||Keith O Rattie||Director||Sell||5,198||$32.50||$168,935.00|| |
Headline Trends for QEP Resources (NYSE:QEP)
Latest Headlines for QEP Resources (NYSE:QEP)
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QEP Resources (QEP) Chart for Monday, October, 23, 2017