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 initiated a stock buyback program on Thursday, March 1st 2018, which authorizes the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

QEP Resources Inc (NYSE:QEP) posted its quarterly earnings results on Wednesday, November, 7th. The pipeline company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.18. The pipeline company had revenue of $560.80 million for the quarter, compared to the consensus estimate of $497.45 million. QEP Resources had a positive return on equity of 7.86% and a negative net margin of 11.89%. The company's quarterly revenue was up 43.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) earnings per share. View QEP Resources' Earnings History.

QEP Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for QEP Resources.

16 equities research analysts have issued twelve-month target prices for QEP Resources' shares. Their predictions range from $8.00 to $19.00. On average, they anticipate QEP Resources' share price to reach $13.25 in the next twelve months. This suggests a possible upside of 53.7% 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 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for QEP Resources.

Press coverage about QEP stock has been trending somewhat negative on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. QEP Resources earned a news impact score of -1.6 on InfoTrie's scale. They also gave press coverage about the pipeline company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.

QEP Resources saw a increase in short interest in December. As of December 31st, there was short interest totalling 28,473,145 shares, an increase of 66.3% from the December 14th total of 17,119,562 shares. Based on an average daily trading volume, of 8,150,037 shares, the short-interest ratio is currently 3.5 days. Approximately 12.1% of the shares of the company are short sold. View QEP Resources' Current Options Chain.

Some companies that are related to QEP Resources include Energen (EGN), Cimarex Energy (XEC), Encana (ECA), Parsley Energy (PE), WPX Energy (WPX), EQT (EQT), Murphy Oil (MUR), Centennial Resource Development (CDEV), Vermilion Energy (VET), Newfield Exploration (NFX), Viper Energy Partners (VNOM), Antero Resources (AR), Black Stone Minerals (BSM), Magnolia Oil & Gas (MGY) and Range Resources (RRC).

QEP Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include Louisiana State Employees Retirement System (0.03%) and Virtu Financial LLC (0.01%). 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 Louisiana State Employees Retirement System. View Insider Buying and Selling for QEP Resources.

QEP stock was bought by a variety of institutional investors in the last quarter, including Virtu Financial LLC. 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 $8.62.

QEP Resources has a market capitalization of $2.07 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]