QEP Resources, Inc. (QEP) Scheduled to Post Quarterly Earnings on Tuesday
QEP Resources, Inc. (NYSE:QEP) will be announcing its earnings results after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.
QEP Resources (NYSE:QEP) last posted its earnings results on Wednesday, July 26th. The pipeline company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.08. QEP Resources had a negative net margin of 3.90% and a negative return on equity of 4.24%. The firm had revenue of $383.70 million during the quarter, compared to the consensus estimate of $413.27 million. During the same period last year, the firm posted ($0.23) EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, analysts expect QEP Resources to post $-0.57 EPS for the current fiscal year and $-0.34 EPS for the next fiscal year.
QEP Resources, Inc. (NYSE QEP) opened at 8.85 on Tuesday. QEP Resources, Inc. has a 12-month low of $7.02 and a 12-month high of $21.12. The stock’s market capitalization is $2.13 billion. The firm’s 50-day moving average is $8.17 and its 200 day moving average is $9.50.
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Several equities research analysts have commented on the stock. Barclays PLC boosted their price target on shares of QEP Resources from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. KLR Group reiterated a “buy” rating and issued a $14.00 price target (down from $15.00) on shares of QEP Resources in a research report on Wednesday, September 27th. National Securities assumed coverage on shares of QEP Resources in a research report on Monday, July 31st. They issued a “buy” rating and a $11.00 price target on the stock. Cowen and Company set a $12.00 price target on shares of QEP Resources and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $11.00 price target on shares of QEP Resources in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. QEP Resources currently has an average rating of “Buy” and an average price target of $14.93.
In other QEP Resources news, Director David A. Trice bought 25,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $7.20 per share, for a total transaction of $180,000.00. Following the acquisition, the director now directly owns 40,000 shares of the company’s stock, valued at $288,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julie Dill bought 5,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was acquired at an average price of $8.49 per share, for a total transaction of $42,450.00. Following the acquisition, the director now directly owns 5,525 shares in the company, valued at $46,907.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 42,500 shares of company stock worth $321,325. Corporate insiders own 1.36% of the company’s stock.
About QEP Resources
QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.
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