Share on StockTwits

QEP Resources (NYSE:QEP)’s share price reached a new 52-week high during trading on Tuesday , AnalystRatingsNetwork.com reports. The stock traded as high as $35.32 and last traded at $35.16, with a volume of 614,119 shares changing hands. The stock had previously closed at $34.79.

Several analysts have recently commented on the stock. 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $36.30.

The stock has a 50-day moving average of $33.90 and a 200-day moving average of $31.79. The company’s market cap is $6.314 billion.

QEP Resources (NYSE:QEP) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.05. The company had revenue of $936.70 million for the quarter, compared to the consensus estimate of $766.76 million. During the same quarter last year, the company posted $0.34 earnings per share. QEP Resources’s revenue was up 24.7% compared to the same quarter last year. Analysts expect that QEP Resources will post $1.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders 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 0.23%. The ex-dividend date is Thursday, August 14th.

QEP Resources, Inc (NYSE:QEP) is a holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.