QEP Resources Given Consensus Recommendation of “Hold” by Analysts (NYSE:QEP)
QEP Resources (NYSE:QEP) has received an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, AnalystRatings.NET reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $35.56.
QEP has been the subject of a number of recent research reports. Analysts at Barclays downgraded shares of QEP Resources from an “overweight” rating to an “equal weight” rating in a research note on Thursday. They now have a $31.00 price target on the stock, down previously from $36.00. Finally, analysts at Zacks upgraded shares of QEP Resources from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $32.20 price target on the stock.
Shares of QEP Resources (NYSE:QEP) traded up 4.05% during mid-day trading on Thursday, hitting $32.11. 725,638 shares of the company’s stock traded hands. QEP Resources has a 52-week low of $25.93 and a 52-week high of $34.24. The stock has a 50-day moving average of $30.62 and a 200-day moving average of $30.94. The company has a market cap of $5.744 billion and a P/E ratio of 34.67.
QEP Resources (NYSE:QEP) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.13. The company had revenue of $883.90 million for the quarter, compared to the consensus estimate of $689.47 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, analysts predict that QEP Resources will post $1.14 earnings per share for the current fiscal year.
QEP Resources, Inc (NYSE:QEP) is a holding company.
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