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

Qep Resources (NYSE:QEP) released its quarterly earnings data on Wednesday, April, 25th. The pipeline company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.19) by $0.01. The pipeline company earned $428.90 million during 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%. Qep Resources's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($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 1 year target prices for Qep Resources' shares. Their forecasts range from $9.00 to $19.00. On average, they expect Qep Resources' stock price to reach $12.7333 in the next year. View Analyst Ratings for Qep Resources.

Qep Resources saw a drop in short interest in the month of April. As of April 30th, there was short interest totalling 16,931,061 shares, a drop 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 days-to-cover ratio is presently 2.8 days. Approximately 7.2% of the company's stock are sold short.

Some companies that are related to Qep Resources include Cabot Oil & Gas (COG), Parsley Energy (PE), Cimarex Energy (XEC), RSP Permian (RSPP), WPX Energy (WPX), Energen (EGN), Antero Resources (AR), Newfield Exploration (NFX), Centennial Resource Dev (CDEV), Murphy Oil (MUR), Whiting Petroleum (WLL), Crescent Point Energy (CPG), Vermilion Energy (VET), PDC Energy (PDCE) and Oasis Petroleum (OAS).

Headlines about QEP stock have trended somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Qep Resources earned a daily sentiment score of 0.23 on Accern's scale. They also gave media coverage about the pipeline company an impact score of 46.64 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Qep Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders 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, JPMorgan Chase & Co. and Wexford Capital LP. 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 $13.16.

Qep Resources has a market capitalization of $3.13 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]