QEP Midstream Partners (QEPM) Posts Quarterly Results
QEP Midstream Partners (NASDAQ:QEPM) posted its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23, Stock Ratings News reports. The company had revenue of $31.70 million for the quarter, compared to the consensus estimate of $29.50 million.
QEP Midstream Partners (NASDAQ:QEPM) traded down 0.26% on Tuesday, hitting $23.16. The stock had a trading volume of 78,742 shares. QEP Midstream Partners has a 52-week low of $21.52 and a 52-week high of $25.67. The stock has a 50-day moving average of $23.47 and a 200-day moving average of $22.94. The company has a market cap of $1.262 billion and a P/E ratio of 62.09.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of QEP Midstream Partners from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 18th. They now have a $25.60 price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of QEP Midstream Partners from an “overweight” rating to a “neutral” rating in a research note on Thursday, December 19th. They now have a $26.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. QEP Midstream Partners presently has an average rating of “Hold” and an average target price of $26.15.
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