About Qep Resources (NYSE:QEP)
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
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:QEP
CUSIP74733V10
Phone303-672-6900
Debt
Debt-to-Equity Ratio0.57%
Current Ratio0.29%
Quick Ratio0.28%
Price-To-Earnings
Trailing P/E Ratio15.73
Forward P/E Ratio-17.53
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.62 billion
Price / Sales1.82
Cash Flow$4.1735 per share
Price / Cash2.94
Book Value$15.76 per share
Price / Book0.78
Profitability
EPS (Most Recent Fiscal Year)$0.77
Net Income$269.30 million
Net Margins16.59%
Return on Equity5.06%
Return on Assets2.54%
Miscellaneous
Employees656
Outstanding Shares240,970,000
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 initiated a stock buyback program on Thursday, March 1st 2018, which permits the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.
How were Qep Resources' earnings last quarter?
Qep Resources (NYSE:QEP) issued its quarterly earnings results on Wednesday, February, 28th. The pipeline company reported $1.13 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $1.20. The pipeline company earned $429 million during the quarter, compared to analysts' expectations of $392.01 million. Qep Resources had a return on equity of 5.06% and a net margin of 16.59%. Qep Resources's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned ($0.15) EPS. View Qep Resources' Earnings History.
When is Qep Resources' next earnings date?
What price target have analysts set for QEP?
16 Wall Street analysts have issued 1 year price targets for Qep Resources' shares. Their forecasts range from $9.00 to $23.00. On average, they anticipate Qep Resources' share price to reach $13.1333 in the next year. View Analyst Ratings for Qep Resources.
Are investors shorting Qep Resources?
Qep Resources saw a decline in short interest during the month of March. As of March 15th, there was short interest totalling 21,214,782 shares, a decline of 13.2% from the February 28th total of 24,450,429 shares. Based on an average trading volume of 8,444,144 shares, the days-to-cover ratio is currently 2.5 days. Currently, 8.9% of the company's stock are sold short.
Who are some of Qep Resources' key competitors?
Some companies that are related to Qep Resources include Newfield Exploration (NFX), Murphy Oil (MUR), Centennial Resource Dev (CDEV), Crescent Point Energy (CPG), Vermilion Energy (VET), ARC Resources (AETUF), PDC Energy (PDCE), Range Resources (RRC), Black Stone Minerals (BSM), Matador Resources (MTDR), Whiting Petroleum (WLL), Viper Energy Partners (VNOM), Jagged Peak Energy (JAG), Oasis Petroleum (OAS), Enerplus (ERF), Chesapeake Energy (CHK), Callon Petroleum (CPE) and Kosmos Energy (KOS).
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)
- Ms. Margo D. Fiala, VP of HR (Age 54)
- Mr. Jim E. Torgerson, Exec. VP of QEP Energy (Age 54)
Has Qep Resources been receiving favorable news coverage?
Headlines about QEP stock have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Qep Resources earned a media sentiment score of 0.07 on Accern's scale. They also assigned headlines about the pipeline company an impact score of 45.82 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
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 $12.27.
How big of a company is Qep Resources?
Qep Resources has a market capitalization of $2.78 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 (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.
Qep Resources (NYSE:QEP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
16 Wall Street analysts have issued ratings and price targets for Qep Resources in the last 12 months. Their average twelve-month price target is $13.1333, suggesting that the stock has a possible upside of 7.04%. The high price target for QEP is $23.00 and the low price target for QEP is $9.00. There are currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Hold | Buy | Buy |
| Consensus Rating Score: | 2.50 | 2.47 | 2.53 | 2.69 |
| Ratings Breakdown: | 1 Sell Rating(s)
6 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
7 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
9 Buy Rating(s)
1 Strong Buy Rating(s) |
| Consensus Price Target: | $13.1333 | $13.0625 | $13.0667 | $14.9286 |
| Price Target Upside: | 7.04% upside | 38.96% upside | 20.10% upside | 66.61% upside |
Qep Resources (NYSE:QEP) Consensus Price Target History
Qep Resources (NYSE:QEP) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
Qep Resources (NYSE:QEP) Dividend Information
Qep Resources pays an annual dividend of $0.00 per share, with a dividend yield of 0.00%. QEP's most recent quarterly dividend payment was Monday, December 7. Qep Resources pays out 0.00% of its earnings out as a dividend.
| Most Recent Dividend: | 12/7/2015 |
| Dividend Yield: | 0.00% |
| 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)
|
Qep Resources (NYSE:QEP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 10/26/2015 | quarterly | $0.02 | 0.57% | 11/13/2015 | 11/17/2015 | 12/7/2015 |
| 7/27/2015 | quarterly | $0.02 | 0.61% | 8/14/2015 | 8/18/2015 | 9/4/2015 |
| 5/11/2015 | quarterly | $0.02 | 0.39% | 5/21/2015 | 5/26/2015 | 6/5/2015 |
| 2/13/2015 | quarterly | $0.02 | 0.35% | 2/20/2015 | 2/24/2015 | 3/6/2015 |
| 11/4/2014 | quarterly | $0.02 | 0.33% | 11/12/2014 | 11/14/2014 | 12/5/2014 |
| 7/29/2014 | quarterly | $0.02 | 0.24% | 8/14/2014 | 8/18/2014 | 9/5/2014 |
| 5/13/2014 | quarterly | $0.02 | 0.26% | 5/21/2014 | 5/23/2014 | 6/6/2014 |
| 2/14/2014 | quarterly | $0.02 | 0.25% | 2/21/2014 | 2/25/2014 | 3/7/2014 |
| 10/29/2013 | quarterly | $0.02 | 0.24% | 11/15/2013 | 11/19/2013 | 12/6/2013 |
| 7/30/2013 | quarterly | $0.02 | 0.26% | 8/16/2013 | 8/20/2013 | 9/6/2013 |
| 5/24/2013 | quarterly | $0.02 | 0.28% | 5/30/2013 | 6/3/2013 | 6/22/2013 |
| 2/14/2013 | quarterly | $0.02 | 0.27% | 2/21/2013 | 2/25/2013 | 3/7/2013 |
(Data available from 1/1/2013 forward)
Qep Resources (NYSE QEP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 93.96%
Qep Resources (NYSE QEP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/8/2018 | David A Trice | Director | Buy | 10,000 | $9.00 | $90,000.00 | 50,000 |  |
| 8/17/2017 | David A Trice | Director | Buy | 25,000 | $7.20 | $180,000.00 | 40,000 | |
| 7/28/2017 | Julie Dill | Director | Buy | 5,000 | $8.49 | $42,450.00 | 5,525 | |
| 7/28/2017 | Richard J Doleshek | CFO | Buy | 12,500 | $7.91 | $98,875.00 | 304,539 | |
| 2/24/2017 | Phillips S Baker Jr | Director | Buy | 7,000 | $14.21 | $99,470.00 | 21,897 | |
| 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 | 88,161 | |
| 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 | 9,370 | |
| 4/3/2014 | Abigail Jones | VP | Sell | 4,154 | $31.00 | $128,774.00 | 13,524 | |
| 4/1/2014 | Abigail Jones | VP | Sell | 4,154 | $30.00 | $124,620.00 | 17,678 | |
| 3/17/2014 | David Trice | Director | Buy | 2,500 | $28.40 | $71,000.00 | 10,000 | |
| 2/28/2014 | Thomas Oconnor | Director | Buy | 5,000 | $28.91 | $144,550.00 | 11,302 | |
| 11/6/2013 | Abigail Jones | VP | Sell | 3,300 | $32.00 | $105,600.00 | 20,025 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Qep Resources (NYSE QEP) News Headlines
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Qep Resources (NYSE:QEP) SEC Filings
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Qep Resources (NYSE:QEP) Income Statement, Balance Sheet and Cash Flow Statement
Qep Resources (NYSE QEP) Stock Chart for Thursday, April, 19, 2018
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