QEP Resources Company Profile (NYSE:QEP)

QEP Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "QEP."

QEP Resources, Inc. (NYSE:QEP) released its earnings results on Wednesday, July, 26th. The company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.08. The company earned $383.70 million during the quarter, compared to the consensus estimate of $413.27 million. QEP Resources had a negative return on equity of 4.24% and a negative net margin of 3.90%. The firm's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.23) earnings per share. View QEP Resources' Earnings History.

QEP Resources is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for QEP Resources.

17 brokers have issued 1 year target prices for QEP Resources' stock. Their predictions range from $9.00 to $33.00. On average, they anticipate QEP Resources' stock price to reach $16.40 in the next twelve months. View Analyst Ratings for QEP Resources.

Here are some recent quotes from research analysts about QEP Resources stock:

• 1. National Securities analysts commented, "• We are initiating coverage on QEP Resources with a BUY rating and $11 price target. Given the company’s current price (and our expectations for increased production and cash flows), we see QEP as trading at an unwarranted discount to intrinsic value. To that end, we compared QEP with a set of valuation multiples derived from a selection of industry peers. Additionally, we value QEP’s equity on the basis of daily production, proved reserves, and projected EBITDA. In doing so, we arrive at a value per share of $11, implying 33% additional upside, given current prices.
  • QEP Resources has a strong base of reserves, along with an expanding presence in the Permian Basin. We note a diverse production profile for QEP, though we expect a deeper focus on the Permian, moving forward. As it stands, QEP holds 731.1 million barrels of oil equivalent (Mmboe), across the Permian Basin (TX), Williston Basin (ND), Haynesville Shale (LA), and Pinedale Anticline (WY). We note that approximately 14% of current production is driven by the aforementioned Permian assets, and expect that figure to increase moving forward. To that end, we expect that 6 of the 7 rigs currently being operated by QEP will be located in the Permian for the remainder of 2017.
  • As Permian based production increases, we expect an expansion in operating margins as well. We expect QEP’s oil weighted production mix (35% in 2Q17) to increase as they make progress in the Permian, which in isolation is a 72% oil weighed asset. In turn, we contend that this positions QEP for expanded margins and increased EBITDA in future quarters. Additionally, with production costs of approximately $12 per boe (excluding interest expense and G&A), we see QEP as well positioned to generate positive cash flow, even in what we consider to be a tepid oil price environment.
  • We base our price target on a blended average of QEP’s daily production, proved reserves, and projected EBITDA figures. In doing so, we arrive at a price target of $11 per share (Exhibit 11). Additionally, our model deducts $0.39 for a working capital deficit, while also deducting $7 per share for net debt. Thus, given the 33% implied upside to current prices, we initiate coverage on QEP with a BUY rating.
  " (7/31/2017)
• 2. According to Zacks Investment Research, "With natural gas and oil prices remaining weak, QEP's core business – exploration and production – has been facing high degree of volatility. As a result, the company has been able to extract less value for its products. This, in turn, has adversely affected the group’s earnings and cash flows. QEP’s valuation has also been negatively impacted by its natural gas-heavy production mix. Additionally, the energy company's decision to suspend dividend due to market weakness has further contributed to negative outlook by the investors. To make matters worse, QEP halved its 2016 growth plans and plans to rapidly reduce its operating rig count. Given these headwinds, we see QEP as a risky bet that ordinary investors should exit." (10/19/2016)

Some companies that are related to QEP Resources include Nustar Energy L.P. (NS), Boardwalk Pipeline Partners L.P. (BWP), CONSOL Energy (CNX), Chesapeake Energy Corporation (CHK), Transocean (RIG), TC PipeLines, LP (TCP), Tallgrass Energy Partners, LP (TEP), Plains Group Holdings, L.P. (PAGP), Genesis Energy, L.P. (GEL), EnLink Midstream, LLC (ENLC), Sunoco LP (SUN), Southwestern Energy Company (SWN), Laredo Petroleum (LPI), Kosmos Energy (KOS), Peabody Energy Corporation (BTU), Valero Energy Partners LP (VLP), Transportadora De Gas Sa Ord B (TGS) and Ormat Technologies (ORA).

QEP Resources' management team includes the folowing people:

• Charles B. Stanley, Chairman of the Board, President, Chief Executive Officer
• Richard J. Doleshek, Chief Financial Officer, Executive Vice President
• Jim E. Torgerson, Executive Vice President
• Alice B. Ley, Chief Accounting Officer, Vice President, Controller
• Christopher K. Woosley, Vice President, General Counsel and Corporate Secretary
• Margo D. Fiala, Vice President - Human Resources
• Matthew T. Thompson, Vice President - Energy
• Myles W. Scoggins, Lead Independent Director
• Phillips S. Baker Jr., Independent Director
• Julie A. Dill, Independent Director

QEP Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.38%), Vanguard Group Inc. (8.35%), INTEGRATED CORE STRATEGIES (US) LLC (5.10%), Boston Partners (4.57%), State Street Corp (4.47%) and Alliancebernstein L.P. (3.49%). Company insiders that own QEP Resources stock include Charles B Stanley, Christopher K Woosley, David A Trice, Julie Dill, Phillips S Baker Jr and Richard J Doleshek. View Institutional Ownership Trends for QEP Resources.

QEP Resources' stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Boston Partners, Franklin Resources Inc., Teachers Advisors LLC, Dalton Greiner Hartman Maher & Co., Schwab Charles Investment Management Inc., Schroder Investment Management Group and Viking Fund Management LLC. View Insider Buying and Selling for QEP Resources.

QEP Resources' stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, State Street Corp, Key Group Holdings Cayman LTD., Caymus Capital Partners L.P., Alliancebernstein L.P., Mitchell Group Inc., Talara Capital Management LLC and Wells Fargo & Company MN. 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 Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of QEP Resources stock can currently be purchased for approximately $8.38.