QEP Resources, Inc operates as a crude oil and natural gas exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in Western Texas; and Williston Basin in North Dakota. As of December 31, 2018, it had estimated proved reserves of approximately 658.2 MMboe. The company sells its gas, oil, and natural gas liquids to various customers, including wholesale marketers, industrial users, local distribution companies, midstream service providers, and utility companies.
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Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Phone303-672-6900
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.93 billion
Profitability
Miscellaneous
Employees465
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable
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 often does QEP Resources pay dividends? What is the dividend yield for QEP Resources?
QEP Resources announced a quarterly dividend on Wednesday, August 7th. Stockholders of record on Tuesday, August 20th will be paid a dividend of $0.02 per share on Tuesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, August 19th. View QEP Resources' Dividend History.
How will QEP Resources' stock buyback program work?
QEP Resources declared that its board has authorized a stock repurchase program on Thursday, March 1st 2018, which authorizes the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.
How were QEP Resources' earnings last quarter?
QEP Resources Inc (NYSE:QEP) announced its quarterly earnings data on Wednesday, August, 7th. The pipeline company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by $0.07. The pipeline company earned $296.20 million during the quarter, compared to analyst estimates of $293.93 million. QEP Resources had a negative net margin of 44.56% and a positive return on equity of 1.29%. QEP Resources's quarterly revenue was down 44.4% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. View QEP Resources' Earnings History.
When is QEP Resources' next earnings date?
What price target have analysts set for QEP?
14 brokerages have issued 1-year price targets for QEP Resources' shares. Their forecasts range from $5.00 to $14.00. On average, they expect QEP Resources' share price to reach $8.8250 in the next year. This suggests a possible upside of 105.2% from the stock's current price. View Analyst Price Targets for QEP Resources.
What is the consensus analysts' recommendation for QEP Resources?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QEP Resources in the last year. There are currently 1 sell rating and 13 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for QEP Resources.
Has QEP Resources been receiving favorable news coverage?
News articles about QEP stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. QEP Resources earned a media sentiment score of -1.3 on InfoTrie's scale. They also assigned news articles about the pipeline company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for QEP Resources.
Are investors shorting QEP Resources?
QEP Resources saw a increase in short interest in August. As of August 31st, there was short interest totalling 19,500,300 shares, an increase of 10.5% from the July 31st total of 17,652,100 shares. Based on an average trading volume of 6,040,000 shares, the short-interest ratio is currently 3.2 days. Currently, 8.3% of the company's shares are sold short. View QEP Resources' Current Options Chain.
Who are some of QEP Resources' key competitors?
Some companies that are related to QEP Resources include Murphy Oil (MUR), Black Stone Minerals (BSM), Magnolia Oil & Gas (MGY), EQT (EQT), Chesapeake Energy (CHK), Vermilion Energy (VET), Kosmos Energy (KOS), Crescent Point Energy (CPG), Tellurian (TELL), PDC Energy (PDCE), Matador Resources (MTDR), Enerplus (ERF), ARC Resources (AETUF), Comstock Resources (CRK) and Jagged Peak Energy (JAG).
What other stocks do shareholders of QEP Resources own?
Who are QEP Resources' key executives?
QEP Resources' management team includes the folowing people:
- Mr. Richard J. Doleshek, Exec. VP & CFO (Age 61)
- Mr. Timothy J. Cutt, CEO, Pres & Director (Age 59)
- Ms. Alice B. Ley, VP, Controller & Chief Accounting Officer (Age 45)
- Mr. Jamie C. Cutler, Chief Information Officer & VP
- Mr. William Kent, Director of Investor Relations
Who are QEP Resources' major shareholders?
QEP Resources' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.85%), Vanguard Group Inc. (9.35%), D. E. Shaw & Co. Inc. (2.70%), Oslo Asset Management AS (2.51%), Wells Fargo & Company MN (2.47%) and Invesco Ltd. (1.40%). Company insiders that own QEP Resources stock include Christopher K Woosley, David A Trice, Michael J Minarovic, Richard J Doleshek and Timothy J Cutt. View Institutional Ownership Trends for QEP Resources.
Which institutional investors are selling QEP Resources stock?
QEP stock was sold by a variety of institutional investors in the last quarter, including TIG Advisors LLC, TIG Advisors LLC, Oslo Asset Management AS, D. E. Shaw & Co. Inc., Vaughan Nelson Investment Management L.P., First Trust Advisors LP, UBS Asset Management Americas Inc. and TT International. View Insider Buying and Selling for QEP Resources.
Which institutional investors are buying QEP Resources stock?
QEP stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Wells Fargo & Company MN, Nuveen Asset Management LLC, Connor Clark & Lunn Investment Management Ltd., Charles Schwab Investment Management Inc., Bank of New York Mellon Corp, Morgan Stanley and Balyasny Asset Management LLC. Company insiders that have bought QEP Resources stock in the last two years include Christopher K Woosley, David A Trice, Michael J Minarovic, Richard J Doleshek and Timothy J Cutt. View Insider Buying and Selling for QEP Resources.
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, Robinhood, Fidelity and Charles Schwab.
What is QEP Resources' stock price today?
One share of QEP stock can currently be purchased for approximately $4.30.
How big of a company is QEP Resources?
QEP Resources has a market capitalization of $1.02 billion and generates $1.93 billion in revenue each year. The pipeline company earns $-1,011,600,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis. QEP Resources employs 465 workers across the globe.View Additional Information About QEP Resources.
What is QEP Resources' official website?
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 (NYSE 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.
