QEP Resources Given Consensus Recommendation of “Hold” by Brokerages (NYSE:QEP)
QEP Resources (NYSE:QEP) has received an average recommendation of “Hold” from the thirteen analysts that are covering the company, American Banking & Market News reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $36.27.
A number of research firms have recently commented on QEP. Analysts at Zacks reiterated a “neutral” rating on shares of QEP Resources in a research note on Thursday, July 24th. They now have a $36.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of QEP Resources from a “hold” rating to a “buy” rating in a research note on Thursday, July 3rd. Finally, 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.
Shares of QEP Resources (NYSE:QEP) opened at 33.05 on Monday. QEP Resources has a 1-year low of $25.93 and a 1-year high of $35.03. The stock’s 50-day moving average is $33.65 and its 200-day moving average is $31.37. The company has a market cap of $5.951 billion and a price-to-earnings ratio of 30.14.
QEP Resources (NYSE:QEP) last announced its earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. On average, analysts predict that QEP Resources will post $1.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Monday, August 18th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Thursday, August 14th.
QEP Resources, Inc (NYSE:QEP) is a holding company.
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