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 has authorized a stock buyback 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 typically an indication that the company's management believes its shares are undervalued.

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

14 analysts have issued 1-year price targets for QEP Resources' shares. Their forecasts range from $11.00 to $19.00. On average, they expect QEP Resources' share price to reach $14.0962 in the next twelve months. This suggests a possible upside of 54.6% from the stock's current price. View Analyst Price Targets 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, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for QEP Resources.

Headlines about QEP stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. QEP Resources earned a news sentiment score of 1.6 on InfoTrie's scale. They also gave news stories about the pipeline company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days.

QEP Resources saw a drop in short interest in the month of October. As of October 15th, there was short interest totalling 14,129,983 shares, a drop of 20.5% from the September 28th total of 17,768,880 shares. Based on an average daily trading volume, of 4,566,562 shares, the days-to-cover ratio is presently 3.1 days. Currently, 6.0% of the shares of the company are sold short. View QEP Resources' Current Options Chain.

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

QEP Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Credit Suisse AG (9.11%), BlackRock Inc. (8.73%), Dimensional Fund Advisors LP (7.29%), Alliancebernstein L.P. (4.92%), Bank of New York Mellon Corp (1.70%) and Vaughan Nelson Investment Management L.P. (1.54%). 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 AQR Capital Management LLC, Key Group Holdings Cayman LTD., Wilks Brothers LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., First Trust Advisors LP, Schroder Investment Management Group and Deutsche Bank AG. 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, Hsbc Holdings PLC, Alliancebernstein L.P., Walthausen & Co. LLC, Schneider Capital Management Corp, Wells Fargo & Company MN, FMR LLC and Oslo Asset Management AS. 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 $9.12.

QEP Resources has a market capitalization of $1.98 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]