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. Investors 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 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date 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 buyback program on Thursday, March 1st 2018, which permits the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.
How were QEP Resources' earnings last quarter?
QEP Resources Inc (NYSE:QEP) announced its quarterly earnings results on Wednesday, August, 7th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the Zacks' consensus estimate 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 positive return on equity of 1.29% and a negative net margin of 44.56%. The company's revenue for the quarter was down 44.4% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. View QEP Resources' Earnings History.
When is QEP Resources' next earnings date?
What price target have analysts set for QEP?
13 brokers have issued 12 month price targets for QEP Resources' shares. Their predictions range from $5.00 to $14.00. On average, they anticipate QEP Resources' stock price to reach $9.25 in the next twelve months. This suggests a possible upside of 163.5% from the stock's current price. View Analyst Price Targets for QEP Resources.
What is the consensus analysts' recommendation for QEP Resources?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QEP Resources in the last year. There are currently 1 sell rating and 12 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 positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. QEP Resources earned a news sentiment score of 2.5 on InfoTrie's scale. They also assigned news articles about the pipeline company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the near term. View News Stories for QEP Resources.
Are investors shorting QEP Resources?
QEP Resources saw a increase in short interest in the month of July. As of July 15th, there was short interest totalling 16,952,100 shares, an increase of 14.7% from the June 15th total of 14,779,500 shares. Based on an average trading volume of 4,960,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 7.3% of the shares of the company 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), EQT (EQT), Magnolia Oil & Gas (MGY), Chesapeake Energy (CHK), Kosmos Energy (KOS), Vermilion Energy (VET), Tellurian (TELL), Matador Resources (MTDR), PDC Energy (PDCE), Crescent Point Energy (CPG), ARC Resources (AETUF), DELEK GRP LTD/ADR (DGRLY), Jagged Peak Energy (JAG) and Enerplus (ERF).
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 number 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 major investors are selling QEP Resources stock?
QEP stock was sold by a variety of institutional investors in the last quarter, including 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., TT International and Paulson & CO. Inc.. View Insider Buying and Selling for QEP Resources.
Which major 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, Scottrade, Fidelity and Charles Schwab.
What is QEP Resources' stock price today?
One share of QEP stock can currently be purchased for approximately $3.51.
How big of a company is QEP Resources?
QEP Resources has a market capitalization of $835.07 million 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.
