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 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 typically an indication that the company's management believes its shares are undervalued.

Qep Resources (NYSE:QEP) issued its quarterly earnings data on Wednesday, February, 28th. The pipeline company reported $1.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.07) by $1.20. The pipeline company earned $429 million during the quarter, compared to analyst estimates of $392.01 million. Qep Resources had a return on equity of 5.06% and a net margin of 16.59%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.15) EPS. View Qep Resources' Earnings History.

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

16 equities research analysts have issued 12-month target prices for Qep Resources' shares. Their predictions range from $9.00 to $23.00. On average, they expect Qep Resources' share price to reach $13.1333 in the next twelve months. View Analyst Ratings for Qep Resources.

Qep Resources saw a decrease in short interest in the month of March. As of March 15th, there was short interest totalling 21,214,782 shares, a decrease of 13.2% from the February 28th total of 24,450,429 shares. Based on an average daily volume of 8,444,144 shares, the days-to-cover ratio is presently 2.5 days. Approximately 8.9% of the company's shares are short sold.

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), Whiting Petroleum (WLL), Matador Resources (MTDR), Black Stone Minerals (BSM), Viper Energy Partners (VNOM), Oasis Petroleum (OAS), Jagged Peak Energy (JAG), Enerplus (ERF), Callon Petroleum (CPE), Chesapeake Energy (CHK) and Kosmos Energy (KOS).

News coverage about QEP stock has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Qep Resources earned a news impact score of 0.12 on Accern's scale. They also assigned press coverage about the pipeline company an impact score of 45.78 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

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 $12.27.

Qep Resources has a market capitalization of $2.92 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]