NYSE:QEP - QEP Resources Stock Price, News, & Analysis

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$7.96 +0.01 (+0.13 %)
(As of 02/24/2019 01:05 AM ET)
Previous Close$7.96
Today's Range$7.86 - $8.11
52-Week Range$5.00 - $13.77
Volume3.11 million shs
Average Volume4.13 million shs
Market Capitalization$1.88 billion
P/E Ratio-46.82
Dividend YieldN/A
Beta2.1
QEP Resources, Inc., through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado. As of December 31, 2017, it had estimated proved reserves of 684.7 MMboe. The company sells its gas, oil, and natural gas liquids (NGL) to various customers, including wholesale marketers, industrial users, local distribution companies, utilities, and other companies. In addition, it operates an underground gas storage facility. QEP Resources, Inc. is headquartered in Denver, Colorado.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP74733V10
Phone303-672-6900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.93 billion
Cash Flow$3.4760 per share
Book Value$11.64 per share

Profitability

Net Income$269.30 million

Miscellaneous

Employees656
Market Cap$1.88 billion
Next Earnings Date4/24/2019 (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 will QEP Resources' stock buyback program work?

QEP Resources declared that its board has initiated a stock repurchase program on Thursday, March 1st 2018, which authorizes the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

How were QEP Resources' earnings last quarter?

QEP Resources Inc (NYSE:QEP) posted its quarterly earnings results on Wednesday, February, 20th. The pipeline company reported ($0.13) EPS for the quarter, missing the Zacks' consensus estimate of $0.02 by $0.15. The pipeline company had revenue of $410.50 million for the quarter, compared to analysts' expectations of $434.58 million. QEP Resources had a negative return on equity of 0.73% and a negative net margin of 52.34%. QEP Resources's revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.13 EPS. View QEP Resources' Earnings History.

When is QEP Resources' next earnings date?

QEP Resources is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for QEP Resources.

What price target have analysts set for QEP?

16 brokerages have issued twelve-month price objectives for QEP Resources' shares. Their forecasts range from $8.00 to $19.00. On average, they expect QEP Resources' share price to reach $13.3269 in the next twelve months. This suggests a possible upside of 67.4% from the stock's current price. View Analyst Price Targets for QEP Resources.

What is the consensus analysts' recommendation 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.

Has QEP Resources been receiving favorable news coverage?

News stories about QEP stock have been trending neutral recently, according to InfoTrie. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. QEP Resources earned a coverage optimism score of 0.1 on InfoTrie's scale. They also assigned media headlines about the pipeline company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the near future.

Are investors shorting QEP Resources?

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 trading volume of 13,513,494 shares, the short-interest ratio is presently 1.4 days. Currently, 8.2% of the company's shares are short sold. View QEP Resources' Current Options Chain.

Who are some of QEP Resources' key competitors?

What other stocks do shareholders of QEP Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other QEP Resources investors own include Energy Transfer LP Unit (ET), Alibaba Group (BABA), Range Resources (RRC), Bank of America (BAC), Caterpillar (CAT), AT&T (T), Tesla (TSLA), Anadarko Petroleum (APC), Chesapeake Energy (CHK) and Schlumberger (SLB).

Who are QEP Resources' key executives?

QEP Resources' management team includes the folowing people:
  • Mr. Richard J. Doleshek, Exec. VP & CFO (Age 61)
  • Mr. Christopher K. Woosley, Sr. VP & Gen. Counsel (Age 49)
  • 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

Who are QEP Resources' major shareholders?

QEP Resources' stock is owned by a variety of of retail and institutional investors. Top institutional investors 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.

Which major investors are selling QEP Resources stock?

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, Walthausen & Co. LLC, First Trust Advisors LP, Bank of New York Mellon Corp and Comerica Bank. View Insider Buying and Selling for QEP Resources.

Which major investors are buying QEP Resources stock?

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.

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 $7.96.

How big of a company is QEP Resources?

QEP Resources has a market capitalization of $1.88 billion and generates $1.93 billion in revenue each year. The pipeline company earns $269.30 million in net income (profit) each year or ($0.17) on an earnings per share basis. QEP Resources employs 656 workers across the globe.

What is QEP Resources' official website?

The official website for QEP Resources is http://www.qepres.com.

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)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  434 (Vote Outperform)
Underperform Votes:  426 (Vote Underperform)
Total Votes:  860
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.
This page was last updated on 2/24/2019 by MarketBeat.com Staff

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