QEP Resources Reaches New 52-Week High at $34.30 (QEP)
QEP Resources (NYSE:QEP)’s share price reached a new 52-week high during trading on Friday , Analyst Ratings News reports. The company traded as high as $34.30 and last traded at $34.28, with a volume of 624,450 shares traded. The stock had previously closed at $33.71.
A number of analysts have recently weighed in on QEP shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of QEP Resources in a research note on Thursday, June 5th. They now have a $33.00 price target on the stock, up previously from $32.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of QEP Resources in a research note on Friday, May 30th. They now have a $34.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of QEP Resources from $37.00 to $38.00 in a research note on Tuesday, May 27th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.09.
The stock’s 50-day moving average is $31.76 and its 200-day moving average is $30.72. The company has a market cap of $6.166 billion and a P/E ratio of 29.94.
QEP Resources (NYSE:QEP) last issued its quarterly earnings data on Thursday, May 8th. 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. Analysts expect that QEP Resources will post $1.35 EPS for the current fiscal year.
QEP Resources, Inc (NYSE:QEP) is a holding company.