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 stock buyback plan on Thursday, March 1st 2018, which permits the company to repurchase $1,250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

QEP Resources Inc (NYSE:QEP) announced its quarterly earnings data on Wednesday, February, 20th. The pipeline company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.02 by $0.15. The pipeline company earned $410.50 million during the quarter, compared to analyst estimates of $434.58 million. QEP Resources had a positive return on equity of 7.86% and a negative net margin of 11.89%. The firm's revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 Wall Street analysts have issued twelve-month price targets for QEP Resources' stock. Their forecasts range from $8.00 to $19.00. On average, they anticipate QEP Resources' share price to reach $13.3269 in the next twelve months. This suggests a possible upside of 67.6% 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.

Media coverage about QEP stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. QEP Resources earned a media sentiment score of 1.4 on InfoTrie's scale. They also gave news stories about the pipeline company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

QEP Resources saw a decrease in short interest during the month of January. As of January 15th, there was short interest totalling 19,217,006 shares, a decrease 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. Approximately 8.2% of the company's stock are sold short. 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), Centennial Resource Development (CDEV), Newfield Exploration (NFX), 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 variety of of retail and institutional investors. Top institutional investors 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, First Trust Advisors LP, Bank of New York Mellon Corp, Comerica Bank and Thompson Rubinstein Investment Management Inc. OR. View Insider Buying and Selling for QEP Resources.

QEP stock was bought 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 $7.95.

QEP Resources has a market capitalization of $1.88 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.

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]