QEP Resources (QEP) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS
QEP Resources (NYSE:QEP) announced its earnings results on Tuesday. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.06, StockRatingsNetwork.com reports. The company had revenue of $715.00 million for the quarter, compared to the consensus estimate of $29.50 million.
QEP has been the subject of a number of recent research reports. Analysts at Socgen raised their price target on shares of QEP Resources from $36.00 to $38.00 in a research note on Tuesday, February 4th. They now have a “buy” rating on the stock. On a related note, analysts at Barclays cut their price target on shares of QEP Resources from $39.00 to $36.00 in a research note on Monday, January 13th. They now have an “overweight” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of QEP Resources from $31.00 to $32.00 in a research note on Tuesday, December 10th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. QEP Resources currently has an average rating of “Buy” and a consensus price target of $37.18.
Shares of QEP Resources (NYSE:QEP) traded down 1.11% on Tuesday, hitting $32.02. The stock had a trading volume of 3,647,110 shares. QEP Resources has a 52-week low of $26.24 and a 52-week high of $34.24. The stock’s 50-day moving average is $30.75 and its 200-day moving average is $30.37. The company has a market cap of $5.741 billion and a P/E ratio of 30.78.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 7th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Friday, February 21st.
QEP Resources, Inc (NYSE:QEP) is a holding company.
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