QEP Resources (QEP) to Release Quarterly Earnings on Wednesday
QEP Resources (NYSE:QEP) is scheduled to issue its Q214 quarterly earnings data on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $766.76 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
QEP Resources (NYSE:QEP) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.28 earnings per share. QEP Resources’s revenue was up 26.9% compared to the same quarter last year. On average, analysts expect QEP Resources to post $1.36 EPS for the current fiscal year and $1.69 EPS for the next fiscal year.
QEP Resources (NYSE:QEP) opened at 33.05 on Tuesday. QEP Resources has a 52-week low of $25.93 and a 52-week high of $35.03. The stock has a 50-day moving average of $33.69 and a 200-day moving average of $31.43. The company has a market cap of $5.951 billion and a P/E ratio of 28.82.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders 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 has been the subject of a number of recent research reports. 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. On the ratings front, 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. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.27.
QEP Resources, Inc (NYSE:QEP) is a holding company.
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