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 of Directors has authorized a stock repurchase plan on Thursday, March 1st 2018, which authorizes the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

QEP Resources Inc (NYSE:QEP) issued its quarterly earnings results on Wednesday, April, 25th. The pipeline company reported ($0.20) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.19) by $0.01. The pipeline company had revenue of $428.90 million for the quarter, compared to the consensus estimate of $369.94 million. QEP Resources had a positive return on equity of 7.86% and a negative net margin of 11.89%. The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) EPS. View QEP Resources' Earnings History.

QEP Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 2019. View Earnings Estimates for QEP Resources.

QEP Resources will be holding an earnings conference call on Thursday, February 21st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8778693847.

16 brokers have issued 12-month target prices for QEP Resources' shares. Their forecasts range from $8.00 to $19.00. On average, they anticipate QEP Resources' share price to reach $13.3269 in the next year. This suggests a possible upside of 59.2% from the stock's current price. View Analyst Price Targets for QEP Resources.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QEP Resources in the last year. There are currently 10 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 on Monday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. QEP Resources earned a daily sentiment score of 1.6 on InfoTrie's scale. They also assigned media stories about the pipeline company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future.

QEP Resources saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 19,217,006 shares, a drop of 32.5% from the December 31st total of 28,473,145 shares. Based on an average daily volume of 13,513,494 shares, the short-interest ratio is currently 1.4 days. Currently, 8.2% of the company's shares are short sold. View QEP Resources' Current Options Chain.

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

QEP Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.04%), Dimensional Fund Advisors LP (7.63%), D. E. Shaw & Co. Inc. (3.32%), Oslo Asset Management AS (2.60%), Hsbc Holdings PLC (2.51%) and Bank of New York Mellon Corp (1.61%). 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 D. E. Shaw & Co. Inc., Bank of Nova Scotia, Wedge Capital Management L L P NC, Bank of America Corp DE, First Trust Advisors LP, Bank of New York Mellon Corp, Comerica Bank and Thompson Rubinstein Investment Management Inc. OR. View Insider Buying and Selling for QEP Resources.

QEP stock was acquired by a variety of institutional investors in the last quarter, including Hsbc Holdings PLC, Oslo Asset Management AS, Two Sigma Investments LP, Nomura Holdings Inc., Dimensional Fund Advisors LP, BlackRock Inc., Perella Weinberg Partners Capital Management LP and Oregon Public Employees Retirement Fund. 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 $8.37.

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]