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

Qep Resources (NYSE:QEP) announced its earnings results on Wednesday, April, 25th. The pipeline company reported ($0.20) EPS for the quarter, missing the Zacks' consensus estimate of ($0.19) by $0.01. The pipeline company had revenue of $428.90 million for 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 for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) EPS. View Qep Resources' Earnings History.

Qep Resources is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for Qep Resources.

16 brokerages have issued 12-month price objectives for Qep Resources' shares. Their forecasts range from $9.00 to $19.00. On average, they anticipate Qep Resources' share price to reach $12.7333 in the next twelve months. View Analyst Ratings for Qep Resources.

Qep Resources saw a decline in short interest during the month of April. As of April 30th, there was short interest totalling 16,931,061 shares, a decline of 16.5% from the April 13th total of 20,283,932 shares. Based on an average trading volume of 5,952,002 shares, the short-interest ratio is currently 2.8 days. Approximately 7.2% of the shares of the company are sold short.

Some companies that are related to Qep Resources include Diamondback Energy (FANG), 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), Centennial Resource Dev (CDEV), Whiting Petroleum (WLL), Crescent Point Energy (CPG), Vermilion Energy (VET) and PDC Energy (PDCE).

Media stories about QEP stock have trended positive on Sunday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Qep Resources earned a news sentiment score of 0.31 on Accern's scale. They also assigned headlines about the pipeline company an impact score of 46.43 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Qep Resources' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.93%), Dimensional Fund Advisors LP (5.71%), Vaughan Nelson Investment Management L.P. (1.87%), Talara Capital Management LLC (1.70%), Millennium Management LLC (1.30%) and Frontier Capital Management Co. LLC (1.27%). Company insiders that own Qep Resources stock include Charles B Stanley, 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 Prudential Financial Inc., Millennium Management LLC, Schroder Investment Management Group, Caymus Capital Partners L.P., Glen Harbor Capital Management LLC, Nokomis Capital L.L.C., Wedge Capital Management L L P NC and SG Americas Securities LLC. View Insider Buying and Selling for Qep Resources.

QEP stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Talara Capital Management LLC, Hsbc Holdings PLC, UBS Group AG, Caisse DE Depot ET Placement DU Quebec, Seven Eight Capital LP, WINTON GROUP Ltd and JPMorgan Chase & Co.. 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.

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 $12.16.

Qep Resources has a market capitalization of $3.10 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]