QEP Resources VP Kendall Carbone Sells 1,654 Shares (QEP)
QEP Resources (NYSE:QEP) VP Kendall Carbone sold 1,654 shares of the stock on the open market in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $28.59, for a total value of $47,287.86. Following the sale, the vice president now directly owns 13,499 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird reiterated a “buy” rating on shares of QEP Resources (NYSE:QEP) in a research note to investors on Tuesday, August 20th. They now have a $36.00 price target on the stock. Separately, analysts at Howard Weil raised their price target on shares of QEP Resources (NYSE:QEP) from $43.00 to $47.00 in a research note to investors on Tuesday, August 20th. They now have a “sector outperform” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Canaccord Genuity initiated coverage on shares of QEP Resources (NYSE:QEP) in a research note to investors on Tuesday, August 20th. They set a “hold” rating and a $31.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.45.
QEP Resources (NYSE:QEP) traded up 1.59% during mid-day trading on Thursday, hitting $28.78. The stock had a trading volume of 1,135,419 shares. QEP Resources has a 52-week low of $25.99 and a 52-week high of $33.50. The stock’s 50-day moving average is $28.98 and its 200-day moving average is $29.40. The company has a market cap of $5.160 billion and a price-to-earnings ratio of 34.42.
QEP Resources (NYSE:QEP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.01. The company had revenue of $751.00 million for the quarter, compared to the consensus estimate of $823.93 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 50.4% on a year-over-year basis. On average, analysts predict that QEP Resources will post $1.52 earnings per share for the current fiscal year.
QEP Resources, Inc (NYSE:QEP) is a holding company.
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