Short Interest in Questar Rises By 35.2% (STR)
Shares of Questar (NYSE:STR) were the target of a significant growth in short interest during the month of May. As of May 30th, there was short interest totalling 4,173,492 shares, a growth of 35.2% from the May 15th total of 3,087,698 shares, Stock Ratings Network.com reports. Based on an average daily volume of 619,919 shares, the days-to-cover ratio is currently 6.7 days. Approximately 2.4% of the company’s shares are short sold.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Questar in a research note on Monday, May 19th. They now have a $25.00 price target on the stock. Separately, analysts at Bank of America reiterated an “underperform
” rating on shares of Questar in a research note on Thursday, April 10th. They now have a $22.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Questar in a research note on Thursday, April 10th. They set an “underperform” rating and a $22.00 price target on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.20.
Shares of Questar (NYSE:STR) opened at 24.46 on Thursday. Questar has a 1-year low of $21.44 and a 1-year high of $24.86. The stock has a 50-day moving average of $23.80 and a 200-day moving average of $23.41. The company has a market cap of $4.284 billion and a price-to-earnings ratio of 24.31.
Questar (NYSE:STR) last released its earnings data on Tuesday, April 29th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $456.90 million for the quarter, compared to the consensus estimate of $489.60 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Analysts expect that Questar will post $1.27 EPS for the current fiscal year.
Questar Corporation (NYSE:STR) is a Rockies-based integrated natural gas holding company.
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